Oil producer group OPEC and its partners will reportedly hold an emergency virtual meeting on Monday.
best day
Less than 30 minutes after his first tweet, Trump then suggested the deal "could be as high" as 15 million barrels. This would be "great news for everyone!" he added.to the time frame of the cuts. Additionally, it was not clear how the cuts would be distributed across oil-producing countries. The U.S. president claimed via Twitter on Thursday that he had spoken with "his friend," Saudi Crown Prince Mohammed bin Salman, who in turn had spoken with Russian President Vladimir Putin, and he hoped they would both orchestrate an output cut.
Analysts have told CNBC that for OPEC+ to agree to a meaningful production cut, the U.S. would most likely have to give up something in return. The restrictions have created an unprecedented demand shock in energy markets, just as a price war broke out between powerhouse producers Saudi Arabia and Russia.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trump says expects Russia-Saudi oil deal soon, invites U.S. oil chiefs to White HouseU.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry 'ravaged' by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.
Lire la suite »
Oil posts biggest one-day gains after Trump touts Saudi-Russia oil dealCrude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.
Lire la suite »
Current talks among OPEC nations, U.S. insignificant for oil prices: Petrobras CEORecent negotiations involving leaders from OPEC nations and the United States will prove irrelevant for oil prices, which are low because of depressed demand, the chief executive of Brazil's Petrobras said on Thursday evening.
Lire la suite »
Trump says Russia, Saudi Arabia will work out oil disputePresident Donald Trump on Wednesday said he was confident Russia and Saudi Arabia would resolve an oil-price dispute that has damaged the industry. 'I have...
Lire la suite »
Trump Talks Up Oil Truce, Claims Saudi Arabia Will Cut Production By 10 Million BarrelsPresident Trump talked up the prospect of a truce in the ongoing oil price war between Russia and Saudi Arabia that has devastated the oil market—and expects Saudi Arabia to cut production by 10 million barrels by theothersarahh
Lire la suite »
Oil skyrockets 35% after Trump suggests huge cuts by Saudi Arabia and RussiaInvestors continue to worry about the coronavirus pandemic's impact on the economy. Here's what's moving markets today.
Lire la suite »