OPEC began a discussion about easing production cuts following a critical tweet from Trump, OPEC's Secretary-General Mohammad Barkindo said. Trump tweeted last month that OPEC had "artificially" boosted oil prices. Novak declined to say, however, whether OPEC and Russia would decide to boost output by 1 million bpd at their next meeting in June. Rally concernsOPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry sources told Reuters on Tuesday. However, it is unclear which countries have the capacity to raise output and fill any supply gap other than Gulf oil producers, led by Saudi Arabia, and Russia, the sources said.

Source: CBC News May 25, 2018 12:52 UTC