Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy prices.

Donald Trump’s mantra during his campaign for the presidency to the American public and U.S. oil producers was: “Drill, baby, drill.” One key problem? Oil producers aren’t interested. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming the current production cut agreement.

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman during a March 2018 meeting at the White House. At the start of his second term, Trump called on OPEC+ to lower oil prices.

The Opec+ alliance has stuck to its production policy amid pressure from US President Donald Trump to lower crude prices by boosting output. “The members of the JMMC [Joint Ministerial Monitoring Committee] reaffirmed their commitment to the DoC (Declaration of Co-operation),

OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top ministers meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC to lower prices.

OPEC+ didn’t make any changes to its existing oil-production plans at a review meeting on Monday, even as President Donald Trump called on the group to lower crude prices.

American oil producers and Saudi Arabia are pushing back against U.S. President Donald Trump's call to ramp up oil production, signaling reluctance to align with his strategy to lower global energy prices,