Donald Trump wants US oil production to ‘start soaring'
US President Donald Trump has spoken on OPEC Plus to produce more oil to bring down prices which would reduce inflation across the Western world including the US.
CBA Energy Commodities Research Director Vivek Dhar claims Mr Trump wants to 'feed that idea'.
'He wanted US oil production to really start soaring,' Mr Dhar said.
'They openly said that this could be the tipping point for US oil production.
'Puts in perspective that where we are right now in terms of US oil … it may be coming to an end because of low prices.
'You can't have both, you can't have low oil prices and then a us oil industry that's booming.'
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