Trump says U.S. producers have already cut back oil production
U.S. President Donald Trump addresses the daily coronavirus task force briefing at the White House in Washington, U.S., April 8, 2020. REUTERS/Kevin Lamarque
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday U.S. oil producers have already cut production and he had many options if Saudi Arabia and Russia do not reduce their output when they and other exporters meet on Thursday.
"Look, we already cut," Trump told reporters when asked if the United States would consider a coordinated production cut. "I think they'll straighten it out. A lot of progress has been made over the last week and it'll be interesting to see what comes out of OPEC tomorrow," he added, referring to a video meeting of OPEC+, which includes the Organization of the Petroleum Exporting Countries, Russia and others, on Thursday.
(Reporting By Jeff Mason, Eric Beech and Arshad Mohammed; Editing by Sandra Maler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. debt tops $40 trillion
- Ukrainian drones kill several, hit warehouse of Russian online retailer Ozon
- Romania adopts new measures to boost Danube waters to cool Cernavoda nuclear plant
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. Trump, OPECSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share