Crude Oil Prices Economy OilField

Trump – Saudis and Russia will ease pressure on oil

President Donald Trump said Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge.

The president said in a tweet later that a production cut would be “great for the oil & gas industry,” and that the cut could be “substantially more” than 10 million barrels.

The fact is, Russia and Saudi had to cut, they were also going to run out of storage for crude that isn’t getting used. As we talking about here

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