Trump has demanded OPEC to lower oil prices for the second consecutive day, and Putin stated that he will talk with Trump to discuss Energy issues.
On Friday, USA President Trump once again called for the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, hoping to undermine Russia's financial revenue from oil production and help end the Russia-Ukraine conflict. Putin had previously responded that he was ready to meet with Trump to discuss Crude Oil Product prices and Other Energy Sources issues. After a 1% drop on Thursday, oil prices continued to decrease slightly on Friday.
Moody's upgrades Argentina's credit rating. Has the 'shock therapy' led by Milei achieved remarkable results?
Moody's has upgraded Argentina's credit rating from "Ca" to "Caa3" and stated that the outlook is optimistic; Moody's expressed that the Milei government aims to stabilize fiscal policy.
The "Understanding King" is online! Trump speaks intensively at Davos, claiming to understand interest rates better than Powell, discussing tariffs and oil prices.
Trump stated that companies not producing in the USA face tariffs of "hundreds of billions or even trillions of dollars". If produced in the USA, they can enjoy a reduction of corporate tax to 15%. The tariffs in Europe are too high, the regulations are too strict, and the trade deficit with the USA is too large, which will lead to measures being taken to ensure that the USA supplies Energy to Europe. Trump called on OPEC to "lower oil costs", stating that this would pressure Russia to end the Russia-Ukraine conflict, and demanded that the Saudi Crown Prince increase the promised investment in the USA to 1 trillion dollars. He also mentioned that he would "demand an immediate decrease in interest rates" and plans to have a conversation with Powell at an appropriate time.
Trump: Will ask OPEC to lower oil prices, requesting the Saudi crown prince to invest 1 trillion dollars in the USA.
On Thursday, USA President Trump delivered a video speech at the Davos Forum, urging the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, which caused international oil prices to drop nearly 1%. He also suggested that to revive USA manufacturing, Saudi Crown Prince should invest 1 trillion dollars. Trump additionally called on European countries to reduce the tax and regulatory burden on USA companies.
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Gold remains at a high level, and the decline in oil prices seems unstoppable: how does the market interpret the Trump effect?
Has the rise of Gold slowed down due to a technical correction or a fundamental turning point? Oil prices have fallen for five consecutive days, and the market is waiting for further guidance on Trump's policies...
From strong performance to continuous decline: How did Trump shake the oil market?
Has Trump's Energy policy completely changed the oil market landscape? Analysts have differing views; will oil prices fall below $60 per barrel amid the tug-of-war between bulls and bears?
Trump's "Energy card": filling the SPR, lifting the LNG export ban, and exporting USA's energy to the entire world.
In his inaugural address, Trump promised to lower Energy prices, fill the USA Strategic Petroleum Reserve (SPR), lift restrictions on liquefied natural gas (LNG) exports, and export USA's Energy to the entire world. Trump also repeatedly promised to reduce Energy prices by 50% during his campaign. Analysts believe that Trump's commitment to lowering Energy prices by 50% is nearly impossible to achieve. In contrast, even during a global pandemic, which is a major disaster, the average Energy cost for Americans only decreased by less than 20%, and oil producers who verbally support Trump will see their profits squeezed.
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Trump: Will "fill up" the USA Strategic Petroleum Reserve.
In his inaugural speech at the Capitol on Monday, Trump vowed to "lower prices, refill the US strategic petroleum reserve, and export US Energy globally."
What executive orders will Trump sign on his first day in office? They involve immigration, Energy, and government efficiency, among other topics...
On his first day in office, Trump will issue nearly a hundred executive orders, focusing on immigration issues, including initiating a "national emergency" at the border. Trump plans to reduce or eliminate job protections for federal employees and officially outline the role and authority of the "Department of Efficiency". Trump is expected to ease regulations and land restrictions on the NENGYUANHANGYE, repeal Biden's energy policies, and may possibly withdraw from the Paris Agreement again.
Concerns over supply drove Brent crude oil to a cumulative increase last week, with Deutsche Bank looking to raise the forecast to 90 dollars.
Concerns about the USA's latest sanctions on Russia leading to supply disruptions, as well as strong winter demand for heating fuels, caused Crude Oil Product Futures to rise last week.
Trump is here! Oil market traders have already placed their "heavy bets."
The impact of Trump's policies may bring uncertainty to the oil market, rather than a clear path to lower or stable prices.
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Trump is planning a large-scale oil sanctions program while suppressing the three countries of Russia, Iran, and Venezuela.
Global oil prices may face drastic changes, as traders are adjusting their positions during the last moments before Trump's inauguration.
It is reported that Trump plans to impose sanctions on Russia, Iran, and Venezuela, which may lead to a significant change in Global oil prices.
According to informed sources, advisors to the USA's elected president Trump are formulating a comprehensive sanctions plan to encourage Russia and Ukraine to reach a diplomatic agreement in the coming months while also applying pressure on Iran and Venezuela.
In the rising trend of Crude Oil Product, hedge funds are accelerating their exit from American Energy stocks!
Despite the increase in Crude Oil Product prices last week, hedge funds have experienced the largest decline in net long positions on US Energy stocks in more than eight years.
The spot premium for Crude Oil Product in the Middle East has risen to its highest level in over two years. Can the strong demand from China and India continue to support prices?
The spot premium for Crude Oil Product in the Middle East has risen to its highest level in over two years, driven by strong demand from major importing countries China and India to replace sanctioned supplies.