Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Trump tweets oil prices getting 'too high', calls for OPEC to 'relax'

Oil | Crude Oil

The new, lighter US crude grade flowing from Texas to Asia

Natural Gas | Oil

Platts Scenario Planning Service

Natural Gas | Oil | Refined Products | Shipping | Marine Fuels | Tankers

Bunker and Residual Fuel Conference, 16th Annual


Brent/Dubai EFS jumps to near 1-year high amid US-China trade tensions

Trump tweets oil prices getting 'too high', calls for OPEC to 'relax'

London — US President Donald Trump reiterated his calls for lower global oil prices Monday, urging OPEC to "relax" over efforts to curb production to rebalance the global oil market.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"Oil prices getting too high. OPEC, please relax and take it easy." Trump said on Twitter. "World cannot take a price hike - fragile!"

Front-month Brent crude futures were trading at a three-month high of around $67.25/b earlier Monday, but fell back after the tweet to trade $0.92/b below Friday's settle at $66.20/b.

Click here for full-size graphic

In November, Trump thanked Saudi Arabia for lower oil prices in a tweet when Brent was trading around $63.90/b, adding that he wanted prices to go lower.

Saudi Arabia last week called for OPEC members and the group's key producer allies to stick to pledges to cut output during the first half of 2019.

Earlier Monday, Goldman Sachs said the near-term outlook for oil is "modestly bullish" following recent data suggesting that the oil market will likely continue to tighten in the coming weeks.

The oil market could "tighten significantly" in March and April when with Brent oil could "easily trade in a $70-$75/b range," the bank said.

-- Robert Perkins,

-- Edited by James Leech,