Putin Tells Trump to Blame Guy in the Mirror for High Oil Prices

President Putin blames President Trump for high oil prices, citing US sanctions on Iran and political issues in Venezuela. The US State Department urges OPEC to increase oil production, but Saudi Arabia claims current production meets demand. Market anxiety, influenced by geopolitical factors, affects oil prices. Russian Energy Minister Novak suggests a healthy oil price range and highlights the impact of Iran sanctions on exports to China.

What did President Putin suggest as the cause of high oil prices?

• Natural disasters

• US administration's policies

• OPEC's production cuts

• Increased global demand

What was the US State Department's request to OPEC?

• To maintain current production levels

• To increase oil production

• To reduce oil prices

• To stop oil exports

How did the Saudi Oil Minister respond to the US request?

• Agreed to increase production

• Stated they are already meeting demand

• Refused to comment

• Promised to consider it

What price range did Russian Energy Minister Novak consider healthy for oil?

• $50-$60

• $65-$75

• $80-$90

• $100-$110

What is the big unknown factor affecting future oil prices according to Alexander Novak?

• OPEC's production decisions

• European market demand

• US domestic oil production

• Iran's exports to China