Saudi Arabia's energy minister and several of his OPEC+ counterparts held talks following Trump’s call to lower oil prices, but delegates said its Feb. 3 meeting is unlikely to adjust its current plan

Vandana Hari of Vanda Insights says that Trump's declaration of a national energy emergency was probably meant to send a strong message of his intentions to deregulate the oil and gas industry, and that it's unlikely OPEC would increase production as it is not in their interests.