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23 June 18:56

Donald Trump calls on the Department of Energy to increase US oil production amid rising prices caused by conflicts with Iran.

Emese Grancsa

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International

Credit: Daniel Torok/White House / Zuma Press / Profimedia

After hitting a five-month high in crude oil prices, Donald Trump is reiterating his call for increased US oil production. The price of Brent crude rose to $81.40 a barrel, while WTI reached $78.40, with notable fluctuations. Although Iran has threatened retaliation, Middle East supplies have not been affected so far. Analysts warn that any attack on energy infrastructure could lead to rapid price rises.

Sources

Business Magazin

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ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Oil prices have risen by 5% after the sanctions imposed by the USA against the Russian energy giants, Rosneft and Lukoil, in response to the war in Ukraine.

Economy

Oil prices have risen significantly after the US imposed sanctions on the Russian companies Rosneft and Lukoil due to the war in Ukraine.

Economy

Oil prices fell by approximately 2%, amid American sanctions against Russian companies and the possible increase in OPEC+ production.

Economy

Fuels could continue to become more expensive in Romania, as a consequence of the sanctions imposed by Donald Trump on the giants Lukoil and Rosneft.

International

China considers Donald Trump's pressures to stop oil purchases from Russia as an attempt at intimidation and defends trade rights.

International

Putin stated that Russia remains one of the largest oil producers globally, contributing 10% to world production, despite Western sanctions.

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