Pressed by Trump, OPEC Fears Oil Glut’s Return

By Anonymous

Producers’ meeting in Algiers exposes worries about a surplus and doubts over Saudi output capacity

Crude rose to $80 a barrel days after President Trump chastised OPEC delegates in a tweet about “higher and higher oil prices.” But in the aftermath of the cartel’s gathering in Algiers this past weekend, Mr. Trump—along with the rest of the world—may have to live with somewhat high prices.

That is because producers are expressing a new worry: fear of a glut.