OPEC set to further cut oil supply, despite pressure from Donald Trump

OPEC set to further cut oil supply, despite pressure from Donald Trump
Image Credit: Wikimedia Commons
  • Country:
  • Saudi Arabia
  • United States

OPEC and its allies will continue with their agreement to cut oil supply, pushing for more adherence despite a demand by U.S. President Donald Trump that the producer group ease its efforts to boost crude prices, a Gulf OPEC source told Reuters. Based on current market data, the so-called OPEC+ group is "likely to continue with the production cuts until the end of the year", the OPEC source said.

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