Tsarizm
Middle East News

OPEC, Russia Rebuff Trump’s Call For Immediate Boost To Oil Output

Image by Plazak
Saudi Oil Production

OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market.

“I do not influence prices,” Saudi Energy Minister Khalid al-Falih told reporters as OPEC and non-OPEC energy ministers gathered in Algiers for a meeting that ended with no formal recommendation for any additional supply boost.

Hassan Rouhani’s Economic Report Card

Benchmark Brent oil reached $80 a barrel this month, prompting Trump to reiterate on Thursday his demand that the Organization of the Petroleum Exporting Countries lower prices…

To read more visit Yahoo News.

Related articles

Video: Putin Communicates With Nature In Siberia

Tsarizm Staff

Russia Rehearses For Victory Day – Pictures

Tsarizm Staff

Orban Signals Willingness To Deal With Merkel Over Migrants, As Long As More Migrants Don’t Come In

Tsarizm Staff