Trump calls on oil giants: Cut retail oil prices now
2026-08-04 14:09:32
According to CoinMeta, Trump called on oil giants to immediately reduce retail oil prices. The South African government announced that gasoline prices would be lowered by 52 cents per liter in August. Kuwait's crude oil production in July rose to its highest level since the Middle East wars. Reports indicate that due to the Iran conflict, Belgium became completely dependent on Russian liquefied natural gas in July. Kazakhstan's production of oil and gas condensate in July decreased by 14% compared to June. In July, Gazprom transported 48.8 million cubic meters of natural gas to Europe per day through the "Turkish Stream" pipeline, a 5.2% decrease from the same period last year. Starting from August 3rd, India raised the export tax on gasoline from 2.5 rupees per liter to 3.5 rupees, and the export tax on diesel to 24 rupees per liter. Venezuela's oil exports in July decreased slightly to 1.16 million barrels per day, while exports to the United States increased to about 786,000 barrels per day. According to EIA data, last week the U.S. Strategic Petroleum Reserve's crude oil inventory decreased by about 2.85 million barrels to 304.8 million barrels, the lowest level since 1983.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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