energy & politics

Oil & Politics provides accessible and concise analysis on current and historical events about the intersection between oil, politics and power

Scott McKnight

All tagged Trump

The world's biggest collective oil production cut. It’s still not enough

Apr 10

Apr 10 The world's biggest collective oil production cut. It’s still not enough

For however historic the size of the production cuts reached the world’s biggest and medium-sized producers at the so-called ‘OPEC+’ and G20 videoconferences, the markets weren’t impressed as oil prices fell to a range they haven’t been in for nearly two decades

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

Jul 11

Jul 11 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.