Archived Trump official slams cartels as U.S. lawmakers push anti-OPEC bill (reuters.com)
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Archived Trump official slams cartels as U.S. lawmakers push anti-OPEC bill (reuters.com)
submitted ago by not_drunk
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[–] derram ago
https://archive.ph/UTf2w :
'Trump has criticized the group for cutting supplies and urged it to produce more to lower global oil prices. '
'Last summer, OPEC cooperated with non-OPEC producer Russia to boost output before Trump reimposed sanctions on oil exports from Iran, Saudi Arabia’s archenemy. '
'It allows the U.S. attorney general to sue the oil producers group, any of its members and countries it works with, on grounds of collusion. '
' But if it did pass, the bill would threaten the sustainability of coordinated supply actions by OPEC, and OPEC plus Russia, and add more volatility to the market. '
'Barclays analyst Michael Cohen said in a research note that the appetite to advance the bill was likely subdued while oil prices were low. '
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