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Oil Prices Too High, OPEC Not Doing Enough – Trump

Unic Press UK: United States President Donald Trump has raised alarm over the price of oil, blaming the Organization of the Petroleum Exporting Countries (OPEC).

OPEC has yet to react to Trump’s accusation. But on its website Wednesday, the organization said: “The price of OPEC basket of fourteen crudes stood at $74.11 a barrel on Tuesday, compared with $73.96 the previous day.”

In its new report, the International Energy Agency (IEA) said that oil supply is facing serious risks given the situation in two major oil producing countries, Iran and Venezuela.
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