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.
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...
WTI Extends Downside to Near $75.00 Amid Uncertainties
An article to understand one of the top priorities after Trump took office: filling the Strategic Crude Oil Product Reserve.
Why has Trump promised to replenish the USA's Strategic Crude Oil Product Reserve?
Oil's Downturn Temporary? Analyst Eyes Support At US$73
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?
WTI Tumbles to Near $75.50 as Trump Plans to Boost Oil Output, Impose Tariffs
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.
Oil Prices Decline Amid Tariff Threats And Trade Concerns
Commodity Roundup: Oil Drop as Trump Vows to Pump More Oil; Gold Trade Cautiously
Positive Bias For WTI Crude, Sees Support At US$77
US Market Futures Dip Red as Trump Signs Orders; Brent Crude Ticks Up, Bitcoin Dips
Oil Prices Decline Amid Anticipation Of Trump's Energy Policies
Update: Oil Prices Fall as Trump Backs Off Tariff Threats
Oil Slide Accelerates After WSJ Reports Trump Won't Impose Immediate Tariffs -- Market Talk