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Trump Pressures OPEC to Lower Oil Prices, Aims to End Ukraine War

OilPrice.com Friday, 24 January 2025 ()
U.S. President Donald Trump hasn’t been able to get Kremlin leader Vladimir Putin to agree to talks to end the war in Ukraine so he is turning to Saudi Arabia for help. During a January 23 speech to the global business elite gathered at the World Economic Forum in Davos, Switzerland, Trump called on Saudi Arabia and its allies in OPEC to ramp up oil output, a move that would push down crude prices, choking a key revenue source for Moscow to fund its war. "I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil. You got to…
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