Oil & Gas Opec+ to take joint stance on Trump oil policy By Reuters January 30, 2025, 1:15 PM Mariya Gordeyeva/Reuters Almasadam Satkaliyev, Kazakhstan's energy minister, told a briefing that Opec+ will meet to discuss a response to Trump's plans The Opec+ group of leading oil producers is set to discuss President Donald Trump’s efforts to raise US oil production and take a joint stance on the matter, Kazakhstan said on Wednesday. Trump last week laid out a sweeping plan to help maximise oil and gas production, including by declaring a national energy emergency to speed up permitting and rolling back environmental protections. Trump has also publicly called on the Organization of the Petroleum Exporting Countries and its leading member, Saudi Arabia, to lower oil prices, saying doing so would end the conflict in Ukraine. Opec+, which groups the de facto Saudi-led Opec and allies including Russia and Kazakhstan, has yet to react to Trump’s call. The group already has a plan in place to start raising oil output from April, gradually unwinding previous cuts. That plan had been delayed several times because of weak demand. Oil slips after Trump calls on Opec to lower prices Trump’s oil policy ‘problematic’ for Gulf producers, economists warn Trade policy will be central to Trump’s second term Opec+ is due to hold a meeting of its joint ministerial monitoring committee on February 3. “In the nearest future, a meeting is planned at the level of Opec+ representatives, at which the organisation’s policy regarding the current situation will be discussed, including US plans to increase production volumes, and a coordinated position will be adopted,” Almasadam Satkaliyev, the Kazakh energy minister told a briefing. Opec+ members are currently holding back 5.86 million barrels per day of output, or about 5.7 percent of global demand, in a series of steps agreed since 2022 to support the market.