Energy Policy

Rising gasoline prices could create a political headache for Trump ahead of the November elections.

Trump said in a tweet on Saturday that Saudi Arabia’s King Salman bin Abdulaziz Al Saud had agreed to produce more oil.

Statement doesn’t confirm Trump tweet that King Salman ``agreed.``

In China'.s case. the Iranian crude oil is essential.

US president says convinced Salman to raise output by as much as 2 million bpd.

The state-owned company is looking at both shale and conventional resources in the US.

Nasser said oil demand is rising by 1.5 million to 1.7 million barrels a day and will be ``healthy`` next year.

A trade war is not good for the U.S. oil and gas sector.

Iran had demanded OPEC reject calls from U.S. President Donald Trump for an increase in oil supply.

On June 10. the Russian president confirmed he was ready to meet with Trump as soon as Washington was ready for the summit.