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.
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.
President Donald Trump called on the Organization of the Petroleum Exporting Countries to lower oil prices during the World Economic Forum on Thursday, saying it would immediately end the war in Ukraine.
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Crude oil futures fall as Trump urges Saudi Arabia to lower prices, potentially increasing output. Impact on global growth and U.S.
Crude futures were headed for weekly declines after President Trump outlined plans to boost domestic production and said he will ask Saudi Arabia and OPEC to lower oil prices.
Indian state-owned oil refining company Indian Oil Corporation (IOC) is busy looking for alternative sources of crude oil after the U.S. imposed a large
Nigeria is preparing to persuade the Organisation of Petroleum Exporting Countries (OPEC) to increase its oil production quota as
Markets are being sent lower as traders wait to see the impact of Trump's pro-energy policies. The newly inaugurated president has signed executive orders aimed at boosting U.S. production and has called on OPEC members to increase output to send prices lower.
By Vladimir Soldatkin and Anastasia Lyrchikova MOSCOW (Reuters) -Russian President Vladimir Putin said on Friday that he and Donald Trump should meet to talk about the Ukraine war and energy prices, issues that the U.
OVERVIEW: Oil prices have come under pressure this week after a robust start to the year, with U.S. President Donald Trump's raft of energy policies and proposed trade tariffs dominating market sentiment.