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OPEC, Trump and Oil prices
Oil prices slip as Trump urges OPEC to cut prices; Russian supply remains strong despite sanctions
Oil prices experienced a decline on Monday, after US President Donald Trump’s public call for OPEC to lower prices. This statement from Trump followed the announcement of extensive measures to increase US oil and gas production.
Trump wants OPEC to bring down oil prices. That could hurt America's booming energy industry.
"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald Trump said.
OPEC+ Sticks to Supply Plan as Trump Seeks Oil Price Cut
OPEC+ didn’t make any changes to its existing oil production plans at a review meeting Feb. 3, even as President Donald Trump called on the group to lower crude prices.
Why Trump’s oil price cut won’t budge Nigeria, OPEC
Standard Chartered has argued that Trump is unlikely to get his wish to force OPEC to cut the oil price, nting that ..
Oil falls as Trump urges OPEC to lower prices
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.
Trump Pressures OPEC to Lower Oil Prices, Aims to End Ukraine War
President Trump is urging Saudi Arabia and OPEC to increase oil output to pressure Russia into ending the war in Ukraine, while also threatening additional sanctions against Russia.
Will Trump's Calls For OPEC To Lower Oil Prices Work?
Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' Bart Melek discusses why prices are likely to climb despite this.
OPEC+ likely to stick to oil output hike plan, sources say
OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top ministers meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC to lower prices.
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5h
Trump Threatens to Strangle Russia’s Economy with an Oil Price Collapse. Is He Bluffing?
In recent weeks, U.S. President Donald Trump has stressed the importance of high oil prices in Russia’s ability to wage war ...
2h
Natural Gas and Oil Forecast: Weak Demand and OPEC’s Stance Keep Energy Prices Under Pressure
OPEC’s decision to maintain production and sluggish demand weigh on natural gas and oil, signaling bearish trends ahead.
Crude Oil Prices
1h
Oil Prices Spike As Markets Digest Trump’s Iran Crackdown
Oil prices took a sharp turn today as traders weighed President Trump’s latest “maximum pressure” push against Iran.
22h
Oil prices close at 1-month low as US pauses tariffs on Mexico
Oil prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, ...
11d
Donald Trump Makes New Demands of Saudi Arabia, OPEC at Davos
The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in ...
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