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Tags: trump | saudi arabia | oil | investment | davos

Trump: Asking Saudi Arabia and OPEC to Cut Oil Price

Thursday, 23 January 2025 11:32 AM EST

President Donald Trump said Thursday he would ask Saudi Arabia and OPEC to bring down the price of oil and would be asking Riyadh to increase a planned U.S. investment package to $1 trillion from an initial $600 billion.

"If the price came down, the Russia-Ukraine war would end immediately. Right now, the price is high enough that that war will continue — you got to bring down the oil price," he told the World Economic Forum in Davos by video link.

© 2025 Thomson/Reuters. All rights reserved.


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President Donald Trump said Thursday he would ask Saudi Arabia and OPEC to bring down the price of oil and would be asking Riyadh to increase a planned U.S. investment package to $1 trillion from an initial $600 billion.
trump, saudi arabia, oil, investment, davos
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2025-32-23
Thursday, 23 January 2025 11:32 AM
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