· 1d · on MSN
President Trump calls on OPEC to lower oil prices at economic forum
Trump threatens business leaders with tariffs at World Economic Forum
Trump threatens business leaders with tariffs and demands lower oil prices in World Economic Forum speech
President Donald Trump on Thursday threatened business leaders with higher tariffs and vowed to “demand” lower oil prices from OPEC and lower interest rates from central banks in a boast-filled address to the World Economic Forum in Davos, Switzerland.
President Trump is urging Saudi Arabia and OPEC to increase oil output to pressure Russia into ending the war in Ukraine, while also threatening additional sanctions against Russia.
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.
U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.
21hon MSN
"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald Trump said.
U.S. President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
During a speech to the World Economic Forum on Thursday, President Donald Trump pressured the Saudi Crown Prince to increase his planned $600 billion investment in the U.S. "to a round $1 trillion" and to lower the global price of oil.
India Today on MSN8h
Trump asks Saudi, OPEC to lower oil prices: Could end Ukraine war immediatelyAddressing executives at the World Economic Forum in Davos, Trump minced no words as he accused the Saudis and OPEC of sustaining Russia’s military offensive in Ukraine by maintaining high oil prices.
The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.
Trump said he planned to ask the oil cartel to lower prices, which he said would lead to a swift end to Russia's war in Ukraine.
Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.
The Canadian Press on MSN19h
Trump calls on OPEC to bring down cost of oil at World Economic ForumU.S. President Donald Trump told an elite global audience today that he is going to ask the OPEC+ alliance of oil exporting countries to bring down the cost of oil.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback