🇺🇸💬🇸🇦 A confrontation is brewing between Trump and Saudi Arabia over oil prices, The Wall Street Journal reports, citing sources.
Trump’s team has already realized that significantly increasing U.S. oil production to lower global prices is not feasible.
As a result, Trump has decided to persuade Saudi Arabia and other OPEC countries to flood the market with more oil. However, Saudi Arabia has already stated that it has no intention of doing so.
Trump's team aims to lower oil prices to $45 per barrel (currently at $73, compared to over $94 in 2022). But such a drop could be "catastrophic" for American shale producers and Saudi Arabia—"Trump’s two most influential allies in the global oil market."
Dozens of shale drillers went bankrupt in 2020 when prices collapsed due to COVID. Meanwhile, Saudi Arabia would struggle to balance its budget at such price levels.
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Trump’s team has already realized that significantly increasing U.S. oil production to lower global prices is not feasible.
As a result, Trump has decided to persuade Saudi Arabia and other OPEC countries to flood the market with more oil. However, Saudi Arabia has already stated that it has no intention of doing so.
Trump's team aims to lower oil prices to $45 per barrel (currently at $73, compared to over $94 in 2022). But such a drop could be "catastrophic" for American shale producers and Saudi Arabia—"Trump’s two most influential allies in the global oil market."
Dozens of shale drillers went bankrupt in 2020 when prices collapsed due to COVID. Meanwhile, Saudi Arabia would struggle to balance its budget at such price levels.
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‘Allahu Akbar!’ – Crowds come out to rejoice as Sudan’s Rapid Support Force are pushed back
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US to withdraw from UN Rights Council, prohibit future funding for UN Relief Agency for Gaza
Action reinstates policies in place last Trump Administration and 1 day before meeting with Netanyahu
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Action reinstates policies in place last Trump Administration and 1 day before meeting with Netanyahu
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Trump stated that the U.S. should receive a guarantee on Ukraine’s rare earth minerals in return for the significant aid it has provided.
We're telling Ukraine they have very valuable rare earth. We want what we put it to go in terms of a guarantee. We want a guarantee.
We're handing them money hand over fist. We're giving them equipment.
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We're telling Ukraine they have very valuable rare earth. We want what we put it to go in terms of a guarantee. We want a guarantee.
We're handing them money hand over fist. We're giving them equipment.
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El Salvador BULLISH on Bitcoin - Latin American country boosts crypto reserves by $1.1 million - taking its stash to 6,067
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Injuries reported during anti-ICE protests in Los Angeles after an altercation between LAPD officers and demonstrators
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🇬🇧 The right-wing Reform UK party has topped a major YouGov British opinion poll on electoral voting intentions for the first time ever, sitting at 25%.
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Sudan military block Rapid Support Forces’ violent multi-pronged attack in El Fasher
Footage reportedly shows govt forces having destroyed an RSF vehicle.
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Footage reportedly shows govt forces having destroyed an RSF vehicle.
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⚡️Israeli forces responding to reports of shooting incident at Tayasir checkpoint in the West Bank
IDF helicopters respond to the shooting attack at the Tayasir checkpoint in the West Bank — Israeli media reports the suspected perpetrator was neutralized after injuring seven people
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IDF helicopters respond to the shooting attack at the Tayasir checkpoint in the West Bank — Israeli media reports the suspected perpetrator was neutralized after injuring seven people
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Trade war’s a brewin’ — Beijing bites back, slaps 15% tariffs on US coal and LNG imports, plus 10% on all oil and agricultural machinery
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Update: Two Israeli soldiers were reported dead, and six injured in the shooting near Tayasir in the occupied West Bank
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In Turkey, a truck flew off a bridge along with cars - NTV.
The tragedy occurred in the town of Şanlıurfa: 3 people were killed, 22 were injured.
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The tragedy occurred in the town of Şanlıurfa: 3 people were killed, 22 were injured.
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