Connect with us

America

Macron, Trump to pressure oil producers

Published

on

Macron reiterates importance of INFT in talks with Trump

France President, Mr Emmanuel Macron, said on Wednesday that he and U.S. President, Donald Trump, had agreed to pressure oil producers to bring down prices.

Oil prices have risen 45 per cent since Macron took office in mid-2017 and his government is facing pressure on high prices from grassroots movement protesting recent petrol tax hikes.

“When I talked at length with Donald Trump on Saturday in Paris, we together took the decision to put pressure on Saudi Arabia and other producers to limit prices,” Macron said in an interview.

“If you look at prices these last few days, oil prices are starting to fall and I hope that this fall will continue,” he added.

Oil prices rose nearly two per cent on Wednesday, recovering some lost ground the previous day amid signs that OPEC and allied producers may cut output next month to boost prices.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel