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Trump takes to Twitter to press OPEC, Russia for cuts

Trump takes to Twitter to press OPEC, Russia for cuts

President Trump commented on Twitter saying that Saudi Arabia & Russia are ready to bring an end to the price war that has contributed to the price of oil falling below $20 a barrel. He has mentioned cuts of 10mn to 15mn barrels a day were possible. If true, that would be equal to a tenth or more of the ~100mn barrels a day the world uses daily – or did before the coronavirus whacked demand.

Milan
Milan
Top in Business