Friday 20 April 2018

Trump accuses Opec of driving up oil prices ‘artificially’

Trump accuses Opec of driving up oil prices ‘artificially’:

"Donald Trump has launched a broadside against Opec for pushing oil markets to the highest level since 2014, saying that crude prices have been driven up “artificially” by the cartel.

The US president’s statement, made in one of his customary early morning tweets, followed comments by Saudi Arabia’s energy minister on Friday that the world economy could cope with higher oil prices as crude approached $75 a barrel.

“Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” Mr Trump tweeted."



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