(AFP Photo)WASHINGTON: US President Donald Trump slammed Opec for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like Opec is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi Arabia. International oil prices have surged to almost $75 a barrel and US gasoline is the highest in almost three years. Novak also rejected Trump’s accusation, while also arguing the group’s production cuts have helped US producers to boost output. “Russia is keeping all options open and Saudi Arabia is talking about a 2019 extension,” UBS analyst Giovanni Staunovo said.

Source: Bangkok Post April 20, 2018 14:03 UTC