Donald Trump’s eventful first week in the White House has left the tanker market reading the tea leaves. The US president’s return to office was marked by a flurry of executive orders and bluster on global affairs, but was short on the sort of concrete action taken as predecessor Joe Biden wound down his administration.

U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.

US President Donald Trump has reiterated calls for Opec to cut oil prices, linking higher prices to a prolongation of the war in Ukraine. Speaking to reporters after arriving in North Carolina to inspect flood damage from Hurricane Helene on Friday, Trump said that his administration wanted the producer group to “get on the ball” and cut prices.

U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.

Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.

Oil prices fell over 1% on Monday after U.S. President Donald Trump urged OPEC to reduce oil prices to pressure Russia amid the ongoing Ukraine war. Brent crude dropped 1.11% to $77.63 a barrel, while U.

The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.

Any conversation between the two would mark the first time a sitting U.S. president and Putin have spoken since the war in Ukraine began, although former President Joe Biden held phone calls with Putin multiple times in the leadup to Moscow's invasion to urge Putin against it.

Crude prices dropped over 1 percent on Monday as US President Donald Trump's fresh tariff threats and demands for lower oil prices weighed on global markets.

Oil prices retreated on Monday after the U.S. pulled back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions,

Saudi Arabia ... needs an oil price of $80 per barrel more than ever,' SEB Chief Commodities Analyst Bjarne Schieldrop said.