Donald Trump has choked off more oil supply than Opec has tried to cut


Donald Trump has choked off more oil supply than Opec has tried to cut

Donald Trump often assails Opec for pushing up oil prices with production curbs, but in 2019 the US president has banned more crude supplies than the cartel has pledged to cut.

Last week Trump once again called for an increase in crude output from the oil cartel, which in tandem with partners has committed to removing 1.2-million barrels a day in a bid to shore up prices.

Yet as tougher US measures against Iran take effect this week, coming on top of action against Venezuela, the president’s own attempts to choke off supplies exceed those intended by Saudi Arabia and its allies. Read More

Leave a Reply

Your email address will not be published.