Trump said that OPEC is artificially inflating the price of oil

Trump said that OPEC is artificially inflating the price of oil

MOSCOW, 20 APR — RIA Novosti. The President of the United States Donald trump OPEC blamed the artificial inflating of oil prices.

“It seems that OPEC does it again. With record quantities of oil everywhere, including a fully-loaded ships at sea, oil prices are artificially very high! Nothing good (in this — ed.) and it will not be accepted!”, — trump wrote in his Twitter.

OPEC and several non-organisation countries (OPEC+) agreed in late 2016 in Vienna on the reduction of its oil production to total 1.8 million barrels per day from the level of October 2016, of which 300 thousand are in Russia. In November 2017, the parties extended it until 2018. The next OPEC summit will be held on 22 June 2018 in Vienna.

To monitor compliance with the agreement and make recommendations for the adjustment of its conditions were created by the Ministerial monitoring Committee, which meets once in two months. It includes the representatives of Saudi Arabia, Venezuela, Kuwait, Algeria, Oman and Russia. The implementation of the agreement following a technical Committee consisting of experts from the Ministerial Committee. He’s going every month.