Trump Expects bin Salman and Putin to Cut Back 10 Mln Barrels of Oil

Earlier in the day, Russia said it had not started energy talks with Saudi Arabia and no talks between the countries’ leaders were scheduled for Friday.

Moscow has refuted US President Trump’s claims that the Saudi Crown Prince had a phone conversation with Russian President Putin.

Earlier, Trump said he expects Saudi Crown Prince and Russian President Vladimir Putin to cut production by 10 million barrels of oil.

Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

In a separate development, Saudi Arabia has called for an urgent OPEC+ talks to discuss measures to balance the global oil market.


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