Trump: I Spoke To Putin, Saudis...10 Million Barrel Per Day Production Cut Coming

April 2, 2020

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Trump: I Spoke To Putin, Saudis...10 Million Barrel Per Day Production Cut Coming — *Image by Kremlin.ru*

This story is developing...

UPDATE:

BREAKING: Kremlin denies that any phone call was held between Putin and Saudi Crown Prince Bin Salman

▪️Shortly before, US President Trump claimed that a phone call took place between the two regarding oil prices and production pic.twitter.com/gDy0ctpG2B
— EHA News (@eha_news) April 2, 2020

UPDATE: Crude oil markets now up 30% at 1100 EST.

President Donald Trump expects Russian President Vladmir Putin and Mohammed Bin Salman to announce a deal on a production cut, CNBC’s Joe Kernen has learned after speaking with Trump, reported CNBC.

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!
— Donald J. Trump (@realDonaldTrump) April 2, 2020