Trump wants OPEC to bring down oil prices. That could hurt America's booming energy industry.
"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.
Oil prices settle pennies higher, down for week as Trump touts energy policy
Oil prices settled slightly higher on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC move to lower crude prices.
Oil Prices Rise But on Track to End Week Lower on Trump Decisions
Oil rose though gains likely reflected a technical correction, while Trump’s tariff threats could disrupt energy flows, raise consumer prices and ultimately destroy consumption.
Oil at 2-week low as Trump’s efforts to lower crude prices imply a boost in output
Oil futures finished Thursday at their lowest in two weeks after President Donald Trump said he would ask Saudi Arabia and OPEC to lower oil prices, implying that he would pressure major oil producers to boost output.
Oil prices set for weekly drop as Trump touts energy policy, threatens tariffs
Oil prices were steady on Friday but were set for a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC moves to lower crude prices.
Oil Futures Drop After Trump Asks OPEC to Slash Prices
Oil futures were lower in early Asian trading after President Trump said he wants crude prices to be lower, ANZ research analysts said.
Trump urges Opec countries to slash oil prices
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.
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Continued energy industry success forecast
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
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World Business Report - How is the energy industry responding to Trump’s new policies? - BBC Sounds
How is the energy industry responding to Trump’s new policies?
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