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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.
U.S. Oil and Gas Rigs Slide to Lowest Since December 2021, Baker Hughes Says
WTI Tumbles to Near $74.00 as Trump Urges OPEC to Cut Oil Cost
Crude Oil Extends Losing Streak as Trump Urges OPEC to Lower Prices
Trump at Davos: Will Ask Saudi & OPEC to Lower Oil Prices, 'Demand' Drop in Interest Rates
Trump urges OPEC to lower oil prices, promising to actively promote interest rate cuts by the Federal Reserve.
① Trump demanded that OPEC countries such as Saudi Arabia lower oil costs at the Davos Forum, and called for immediate interest rate cuts to address economic chaos; ② He criticized the Biden administration for wasting $8 trillion on deficit spending, implementing destructive energy restrictions, severe regulations, and hidden taxes; ③ Trump praised SoftBank's commitment to invest in the U.S. and expressed hope that Saudi Arabia would increase its investment from $600 billion to $1 trillion.