US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil 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. "One way to stop it quickly is for OPEC to stop making so much money and drop the price of
"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.
Crude futures are headed for weekly declines after U.S. President Trump outlined plans to boost domestic production and said he would ask Saudi Arabia and OPEC to lower oil prices. Brent crude and WTI both rose 0.
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We explore Donald Trump's bold assertion that lower oil prices could end the ongoing war in Ukraine. Having entered the White House with claims he could bring the conflict to a halt in 24 hours, Trump now believes pressuring OPEC to boost oil production could force President Putin to the negotiating table.
OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia's share remained steady, data obtained from trade sources showed.
Nigeria is preparing to persuade the Organisation of Petroleum Exporting Countries (OPEC) to increase its oil production quota as
OPEC+ has yet to react to a call from U.S. President Donald Trump for lower oil prices, with delegates from the group pointing to a plan already in place to start raising oil output from April.
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Trump in his first days in office has leaned in on the idea that OPEC+, the alliance of oil producing nations, holds the key to ending the war by reducing oil prices.