After having a stellar start to the year, oil prices have slipped again as US President Donald Trump called on the world’s largest producers to lower prices. This makes next week’s meeting of the Organization of the Petroleum Exporting Countries’s Joint Ministerial Monitoring Committee all the more crucial.

The Opec+ alliance has stuck to its production policy amid pressure from US President Donald Trump to lower crude prices by boosting output. “The members of the JMMC [Joint Ministerial Monitoring Committee] reaffirmed their commitment to the DoC (Declaration of Co-operation),

U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.