The Energy Information Administration (EIA), in its January Short-Term Energy Outlook, is forecasting global oil prices (Brent crude oil)

President Donald Trump claimed the Saudis and OPEC were responsible for fueling the war in Ukraine through higher oil prices. He said the war would end if crude prices were slashed. "I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil,

Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.

Oil prices have declined after US President Donald Trump called on OPEC to lower prices. The statement followed the announcement of large-scale measures to increase US oil and gas production during his first week in office,