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

NPV - January 31, 2025 16:30

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.

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