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Trump puts pressure on Saudi Arabia, OPEC to push down prices

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Listen: Trump puts pressure on Saudi Arabia, OPEC to push down prices

With oil prices on the rise, the Trump administration is ramping up criticism of OPEC, with US President Trump pressing Saudi Arabia to do much more to push oil prices down and the State Department telling S&P Global Platts that it wants OPEC and other producers to start developing spare capacity.

What comes next? How much spare capacity is there really? And how will Trump's pressure change the US-Saudi relationship?

Bob McNally, founder and president of Rapidan Energy Group, a former White House international and domestic energy adviser and author of the book "Crude Volatility: The History and the Future of Boom-Bust Oil Prices” answers these questions and more.