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Thu, 14 Nov 2019 05:38 GMT

Trump Asks OPEC Not to Cut Oil Production

Politics

7Dnews London

Wed, 05 Dec 2018 20:52 GMT

US President Donald Trump called on OPEC member states on Wednesday not to cut production at their next meeting, stressing that world oil prices should remain low.

Trump's comments come as both OPEC and outside countries prepare for a meeting in Vienna on Thursday and Friday to discuss production cuts.

“The world does not want and does not need to see oil prices rise," Trump wrote in a tweet.

Prices have fallen by more than 30 percent in the past two months, and the price of European Brent crude is currently around $60.


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