Trump Does Not Want a Reduction in Production OPEC
Trump Does Not Want a Reduction in Production OPEC. US President Donald Trump urges oil cartel OPEC not to cut production because oil prices will rise.
That’s what Trump wrote on Twitter. OPEC and its allies are starting a meeting on production in Vienna on Thursday.
“Hopefully the OPEC will keep the oil flow as it is, no restriction. The world does not need higher oil prices! “According to Trump’s tweet.
It is expected that the oil cartel together with allies such as Russia will decide to reduce production to boost oil prices. There would still be some hesitation about how big the production cut will be.
In the past, Trump regularly went to the OPEC because it would push up oil prices. For example, he accused the organisation of “rip-off”.