Surreal moment of this year’s CERAWeek by IHS Markit: OPEC Secretary General Mohammad Barkindo sitting in the press room, questioned about presidential tweets.
Navigating carefully around a reporter’s question of whether OPEC is influenced by President Donald J. Trump’s digital screeds/bullying/self-congratulations regarding OPEC, Barkindo said the tweets add “uncertainty” to global markets.
Bumpiness ensues when the most powerful person on Earth writes, as he did on Feb. 25: “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!” The missive, posted after the usual consultation with experts, caused oil prices to fall 3%, according to CNBC.
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