Oil Daily | Trump Pushes OPEC for Output Hike Amid Colombia Tariff Threats Over Oil Imports

【Oil-Producing Countries Dynamics】

President Trump reinforced his ambitions to acquire Greenland, despite Danish Prime Minister Mette Fredriksen's firm stance that the island is not for sale. The tense situation escalated with Trump becoming aggressive after Fredriksen offered cooperation in other areas instead of a sale, leading to worries about potential dangers. Greenland's government reiterated its autonomy and the desire to make independent decisions, emphasizing that the U.S. must communicate directly with Greenland on related matters.

President Trump threatened to impose 25% tariffs on Colombian imports, including crude oil, causing potential price hikes. This action followed Colombia's initial refusal to accept deported illegal migrants via a military plane. However, Colombia quickly agreed to the U.S. terms, including accepting migrants without restrictions, averting the tariff threat.

President Trump urged OPEC to increase oil production to reduce prices, suggesting it could help resolve the Ukraine conflict. He also threatened tariffs and sanctions on Russia and other countries if an agreement isn't reached. OPEC has not officially responded, likely sticking to its "when the price is right" stance.