Russia's recent ban on wheat exports is likely motivated by immediate concerns shared by other nations. But suggestions mooted by officials last year to create a "Grain OPEC" are more alarming—and Europe needs to plan ahead.
Trump said the United States will cut its oil production by a quarter-million barrels of crude oil per day to help Mexico meet OPEC's demands for a deal to bolster global petroleum prices.
All other members of OPEC agreed to cut 10 million barrels a day in production, a 23 percent reduction of the group's baseline.
"We're going to take care of our energy business. ... If I have to do something to protect thousands or tens of thousands of energy workers and our great companies that produce all these jobs, I'll do whatever I have to do," Trump said.
A shale oil boom in the U.S. is helping to create a glut in supply, putting pressure on OPEC to cut production.
"Uncertainties remain, the challenge gets harder, but the future's bright, now we've a charter," the OPEC+ poem read.
Oil prices have dropped significantly, with the U.S. benchmark price dipping below $60 per barrel.
"U.S. sanctions against Iran will both weigh on Iran's oil production prospects in the medium term and reduce Iran's crude exports in the short term...," the report predicts.
Prices could reach $90 a barrel.
"You impose sanctions on major producers ... and yet you are asking them to reduce the prices?"
OPEC members have agreed to cut output by 1.2 million barrels per day for the first half of 2017.
The country's oil supply is far greater than previously reported.
No matter how many times we hear that oil prices are cyclical, we tend to believe the present trend is here to stay.
Elevation of Khalid al-Falih seen as message that Saudi Arabia is moving forward with plans to be less reliant on oil profits.
Brent crude oil appears to continue rising through what has been a volatile week for the industry.
Saudi Arabia is at odds with Russia over Syria, but the Gulf State will still try to find common ground.
Saudi oil minister says that the decision was taken as "we want a stable oil price."
The country's deputy oil minister says 500,000 more barrels of oil per day will be produced.
Crude oil futures tumbled 6 percent on Monday, reaching their lowest in nearly seven years.