President Trump prodded oil cartel OPEC Wednesday to continue pumping more oil to keep prices low, pushing back against oil nations that are considering cutting production.

"Hopefully OPEC will be keeping oil flows as is, not restricted," Trump said in a Twitter post. "The World does not want to see, or need, higher oil prices!"



Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices! — Donald J. Trump (@realDonaldTrump) December 5, 2018

Trump's prodding comes as OPEC, led by largest producer Saudi Arabia, and non-OPEC countries, namely Russia, are planning to discuss whether to cut oil output during a meeting Thursday and Friday in Vienna.

Russian President Vladimir Putin said this weekend that he has reached an agreement with Saudi Arabia to renew a deal to cut oil production again next year to raise prices, after temporarily boosting their output this year to mollify Trump.

Oil prices have fallen in recent weeks after Saudi Arabia and Russia began boosting output, partially in response to Trump, who worried about rising prices ahead of the midterm elections, and potential damage to supply from his renewed sanctions on Iran.

Before recently raising oil output, OPEC and Russia had implemented an agreement to cut production for 18 months.

Now, the market is in a oversupply situation because of the severe reaction by Russia and the Saudis to cover for Iran losses, which did not materialize as feared.

Trump last month credited Saudi Arabia for bringing down oil prices, but encouraged the Kingdom to continue pumping, a request he has continually repeated.