Wednesday, September 10, 2025

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oil price war

News updates related to the oil price war

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New oil price war about to break out?

The oil price war cost OPEC hundreds of billions of dollars. Now that President Trump is back and U.S. shale is recovering, will Saudi Arabia choose to fight or give in? The answer could determine global oil prices in 2025.

Trump ignites new oil price war between OPEC and the West?

As US President Donald Trump has announced that the federal government will focus on fossil fuel extraction, a new oil price war could erupt between the US and OPEC, especially with Saudi Arabia - the most influential member of the organization. The main reason is Mr. Trump's desire to reduce oil prices, while Saudi Arabia needs to maintain high prices to ensure a balanced budget.
Historic OPEC+ deal: 'Painkiller' for oil market?

(Baonghean) - The decision of the OPEC+ group (inside and outside the Organization of the Petroleum Exporting Countries) to cut nearly 10 million barrels of oil per day in a step-by-step manner, starting from May 2020, is considered a historic step, saving the free-falling oil price, and at the same time helping to "reset" the OPEC+ alliance. However, this is probably just a "pain reliever" for the oil market because in the long run, to balance supply and demand, more efforts are needed.

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