Saudi Arabia's energy minister and several of his OPEC+ counterparts have held talks following U.S. President Donald Trump's call for lower oil prices and ahead of a meeting next week of OPEC+ oil-producing countries,

While addressing the World Economic Forum in Davos one day later, Trump said that he will ask MBS, whom he called a “fantastic guy”, to round up the $600bn pledge to “around $1trn”. Trump asserted that the Saudis would do this “because we’ve been very good to them”.

Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, convened a meeting with his counterparts from the United Arab Emirates (UAE), Iraq, and Libya on Monday. This meeting followed US President Donald Trump’s public call for the Organization of the Petroleum Exporting Countries to lower oil prices and preceded a crucial meeting of the

Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in March to their highest in more than a year after benchmark prices spiked on higher demand from China and India as U.S. sanctions disrupted Russian supply,