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.
Saudi Arabia's energy minister met his counterparts from the United Arab Emirates (UAE), Iraq and Libya on Monday following U.S. President Donald Trump's call for lower oil prices and ahead of a meeting next week of OPEC+ oil-producing countries.
"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.
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.
U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.
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.
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.
Chevron Corp. said Friday it completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million barrels a day by the middle of this year.
U.S. President Donald Trump is expected to pressure Saudi Arabia and OPEC to lower oil prices, a move that could eventually lead to a new oil price war
For those with a vested interest in Ukraine, U.S. President Donald Trump's first week in office was a bit of a rollercoaster. During his first presidential term, Trump famously praised Russian President Vladimir Putin.
President Donald Trump doubled down on ending the war in Ukraine during his speech at Davos a day after threatening Russia and Putin with tariffs and sanctions.
President Donald Trump is emphasizing that targeting Russia’s oil revenue is the best way to get Moscow to end its nearly three-year war against Ukraine