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.

Crude futures are headed for weekly declines after U.S. President Trump outlined plans to boost domestic production and said he would ask Saudi Arabia and OPEC to lower oil prices. Brent crude and WTI both rose 0.

President Donald Trump of the United States, US, on Friday said the Organization of the Petroleum Exporting Countries, OPEC, is making too much money.

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.

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President Trump told attendees at Davos that he’ll demand interest rates drop “immediately” and that he’ll ask Saudi Arabia and OPEC to cut the price of oil.“If the price came down, the Russia-Ukraine war would end immediately,

Crude oil futures fall as Trump urges Saudi Arabia to lower prices, potentially increasing output. Impact on global growth and U.S.

Nigeria is preparing to persuade the Organisation of Petroleum Exporting Countries (OPEC) to increase its oil production quota as

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.

Shoigu, who leads the Kremlin's security council, told Tass, "Amid increased conflict behavior and intensified geopolitical rivalry, global risks of a military confrontation between large players, including nuclear powers, are heightening," specifically identifying Western countries as major players.

OPEC+ has yet to react to a call from U.S. President Donald Trump for lower oil prices, with delegates from the group pointing to a plan already in place to start raising oil output from April.