Date: 7 months ago   Category: Energy

Trump: prices of oil have to be much lower — Rambler News Service


The U.S. President Donald Trump has said that prices of oil have to be much lower, than they are now. "I hope that Saudi Arabia and OPEC won't begin to reduce oil production. Prices of oil have to be much lower, proceeding from deliveries!" — Trump on the Twitter has written. As of 21:51 Moscow time January futures for Brent oil bargain at the level of $70,38 for barrel. December futures for WTI crude oil are trading at the level of $60,16 for barrel. On November 11 the 11th meeting of joint ministerial monitoring committee of the countries of OPEC and not OPEC has taken place. Participants have noted that in October, 2018 the level of execution of the declaration on cooperation by the participating countries was 104%. Earlier Trump repeatedly criticized OPEC because of high, according to him, prices of oil. In particular, on September 25 the U.S. President at the session of the United Nations General Assembly has said during the speech that member countries of OPEC have established too high prices of oil and have to begin their decrease.

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