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Trump angry at high oil prices and rejects the measures of "OPEC"
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- US President Donald Trump on Friday expressed anger at the rise in oil prices and expressed his rejection of the measures of the Organization of Petroleum Exporting Countries (OPEC), stressing that "this will not be accepted."
"Oil prices are artificially high, and this is not good and will not be accepted," Trump said in a tweet on Twitter. "
Oil prices in global markets have risen significantly over the past week after the agreement of the member states of the Organization of Petroleum Exporting Countries (OPEC) and Russia to reduce oil production in the past 16 months, as well as heightened fears of the effects of the economic crisis in Venezuela and the threat of new US sanctions on Iran.
The Iraqi Oil Minister Jabbar al-Allaibi said during the meeting of OPEC in Jeddah today that the production of crude oil has contributed significantly to save the world oil market from the deterioration of oil prices, noting that the results of this commitment of signatories to the agreement to reduce production and come out with recommendations to help us deal with Challenges of the next phase.
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