U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices went unanswered as the group stuck with plans for a gradual output boost, saying customers have all the crude they need for now. In a stark contrast to the dramatic policy U-turn that Trump’s tweets provoked earlier this year, Saudi Arabia, Russia and their allies gave broad reassurances that more oil is coming without offering any kind of urgent supply surge. “The reason Saudi Arabia didn’t increase more is because all of our customers are receiving all of the barrels they want and they’re not asking for any more,” Saudi Energy ... (full story)