Trump accuses OPEC of raising oil prices

US President Donald Trump on Wednesday accused the Organization of Petroleum Exporting Countries of driving up oil prices, in a fresh swipe at the cartel’s agreement to cap production. “Oil prices are too high, OPEC is at it again. Not good!” he wrote on Twitter. Oil prices peaked in late May, hitting the $80 per […]

OPEC sees ‘considerable uncertainty’ in oil market

After months of sharp oil price rises there is now considerable uncertainty as to the market’s direction for the rest of the year, OPEC said on Tuesday as a key meeting of oil producers looms. Question marks over global economic growth, and resulting oil demand, as well as over US producers’ capacity to pump oil […]