Trump immediately urged OPEC to reduce oil prices

© AP Photo / Susan WalshПрезидент USA Donald trump. Archival photoTrump immediately urged OPEC to reduce oil prices© AP Photo / Susan Walsh

The President of the United States Donald trump urged the Organization of countries — exporters of oil (OPEC) now to lower oil prices, calling it «monopoly».

«We are defending the Middle East, they will not long be safe without us, and yet they continue to raise oil prices. Monopoly OPEC needs to reduce prices!» — wrote the American leader on his official Twitter account.

Previously, trump has already accused of a cartel in inflating prices of oil and required their reduction. He also stated that OPEC is «manipulating» the oil market and need to stop.

In Algeria on September 23 will be a meeting of the Ministerial monitoring Committee of OPEC+, where it is planned to discuss the General situation in the oil market and the countries ‘ compliance with their obligations until the end of 2018, and also the model of further cooperation starting in 2019. As reported by Bloomberg, the meeting will be attended by representatives of most of the 25 countries OPEC+. The Iranian Minister plans to visit, from the country will come to the delegate to OPEC Hossein Kazempour Ardebili.

Trump immediately urged OPEC to reduce oil prices© Infographicsrussia forces in the world oil market

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