OPEC and its partners are “taking it easy,” Saudi Energy Minister Khalid al-Falih said on Wednesday in an interview with CNBC, in response to a tweet from US President Donald Trump requesting oil producers ease their efforts to boost oil prices.
“We are taking it easy. The 25 countries are taking a very slow and measured approach. Just as the second half last year proved, we are interested in market stability first and foremost,” al-Falih said in Riyadh when asked to comment on Trump's tweet this week, CNBC reported.
Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!— Donald J. Trump (@realDonaldTrump) February 25, 2019