Fidelity bank banner Bayelsa State banner
Trump fights OPEC

By News Express on 14/06/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 381

•Donald Trump
•Donald Trump

US President Donald Trump on Wednesday accused the Organisation of Petroleum Exporting Countries (OPEC) of driving up oil prices, in a fresh swipe at the cartel’s agreement to cap production.

“Oil prices are too high, OPEC is at it again. Not good!” he wrote on Twitter.

Oil prices peaked in late May, hitting the $80 per barrel ceiling on the Brent futures contract and $72.24 on the West Texas Intermediate.

Traders are holding their breath for the June 22 meeting of oil ministers from OPEC member states in Vienna.

In April Saudi Energy Minister Khaled al-Faleh said the global market has the capacity to absorb higher oil prices — a remark that drew a swift reaction Trump.

“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!” Trump tweeted on April 20.

OPEC producers and non-OPEC countries struck a deal in 2016 to trim production by 1.8 million barrels per day to reduce a global glut of oil.

The deal, which is due to run out at the end of 2018, has succeeded in boosting oil prices above $70 a barrel from below $30 a barrel in early 2016.

Source News Express

Posted 14/06/2018 03:41:44 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
6 suicide bombers die in attacks near Maiduguri...

NCC lifts suspension of MTN services

BBNaija winner Miracle appointed Imo Education Ambassador

Breaking: Chaos in Lagos: Angry soldiers burn BRT...

Pope vs Mbaise Catholics: Rev. Father curses journalist...

Children’s Day: It’s time to take action to...

Crazy day in the English Premiership: Arsenal’s title...

NPFL shortlists 35 for La-Liga tour (PLUS: Full...

Protesting workers block Abuja-Lokoja Federal Highway

NSCDC dismisses rumours of recruitment

ALGON to provide shops for hawkers

2019: Buhari to address the nation on second...

 

Latest News APC Convention: Panic over Okorocha’s minority report Police warns troublemakers as APC Convention holds in Abuja •Deploys 5,000 personnel, armoured personnel carrier Bandits launch fresh attack on Birnin-Gwari, kill more persons Pastor, 2 others nabbed over ritual killing of 19-year-old girl APC holding national convention with looted funds – PDP Buhari championing jihad in Nigeria: Christian Elders APC Convention: Oshiomhole will delete PDP from Nigeria’s political history — Senate Deputy Chief Whip NAFDAC DG sacks consultants over anomalies, irregularities Police dismisses 19 officers in Ogun, demotes 9 2018 Budget: Why we included new projects — NASS PDP queries DSS over Abaribe’s arrest World Cup: Rohr reveals secret of Super Eagles’ victory over Iceland

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,672 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (352,280 views) Shameless Genevieve Nnaji exposes breasts in public (280,630 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,380 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,250 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (209,083 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (182,045 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (164,212 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (154,051 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,835 views) Lagos plane crash: Journalist releases victims’ names (144,025 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,811 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,264) Business Verdict (44) Columnists (871) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (506) Features (607) Global Business Monitor (284) International (2,047) Interview (155) Live Commentary (28) Love Matters (124) News (36,418) Opinion (1,005) Pidgin (10) Politics (5,313) Religion (772) Sports (1,558) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Argentina vs Croatia Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement