All eyes on OPEC as President Trump gripes over prices

The IEA suggested the June 22 OPEC meeting in Vienna would need to boost output because of a political crisis in Venezuela that has pinched petroleum output and Trump's decision to exit the Iran nuclear pact, which is expected to result in lower production from the Middle Eastern country.

All eyes on OPEC as President Trump gripes
Trump's complaints about OPEC come amid expectations of a more costly US summer driving season. A gallon of regular gasoline is currently USD 2.91, up 25 per cent from the year-ago level. Image source: Reuters

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