Trump Pushes for OPEC+ Cooperation Amid Energy Policy Shifts
President Donald Trump calls for lower oil prices while OPEC+ maintains gradual output increases and shifts monitoring practices.
- President Donald Trump has urged OPEC+ to increase oil production to lower prices, citing economic and geopolitical concerns, including the war in Ukraine.
- OPEC+ has decided to stick to its current plan of gradually raising output starting in April 2025, despite U.S. pressure for immediate action.
- The group has removed the U.S. Energy Information Administration from its list of secondary sources for monitoring production, citing communication issues rather than political motives.
- Trump's energy strategy includes increasing domestic production and exploring potential cooperation with OPEC+ to stabilize global oil prices and counter rivals like China.
- OPEC+ continues to manage voluntary production cuts, with compliance rates near 90%, while maintaining its focus on long-term market management over political pressures.