The US President Donald trump
© REUTERS/Kevin Lamarque
WASHINGTON, July 5. /TASS/. The US President Donald trump said Wednesday that the Organization of countries – exporters of oil (OPEC) are not doing enough to the price of gasoline decreased.
The dynamics of oil prices in 2014. Dossier
“OPEC members should remember that gasoline prices are rising, and they have done little to help lower them. They [OPEC] prices are rising, while the US provides protection to many of the members of [this organization]. It should be a two-way street. Lower prices right now!” – he wrote in his Twitter.
Trump on Sunday in an interview with Fox News channel suggested that OPEC manipulates the oil markets and stressed that “it is better to stop doing it.”
The White house believes that countries the organization should increase oil production by 2 million barrels per day, causing the price of oil – and therefore petrol – will fall . On Saturday, he said in his Twitter that he had asked Saudi Arabia to extract more oil and obtained consent. The newspaper the Wall Street Journal reported later that the king of Saudi Arabia Salman bin Abdul Aziz al Saud, in the interview, trump did not give any promises and only said that Riyadh has the capability to satisfy existing market demand.
At the end of last June 22 meeting, the members of OPEC decided to increase oil production by 1 million barrels a day. The oil Minister of Nigeria said that the actual increase in OPEC production will be lower and will amount to 700 thousand barrels per day.