All in Oil prices

Trump orders OPEC to pump more—and lower prices. He’s barking up the wrong tree

President Trump wants lower pump prices—and he’s looking to OPEC, the club of oil producers, to make it happen. Not only is it rare for a US president to do this openly, but it’s misguided: OPEC members are deeply divided on the production-price question, and OPEC’s share of global production—even if their members did agree—would have only a marginal effect on prices anyway.