TRUMP TO MEET WITH US OIL LEADERS FRIDAY “It’s really killing an industry, hurting Russia badly, hurting Saudi Arabia badly,” Trump said Thursday. Trump’s comments came the day before he’s scheduled to meet with U.S. oil industry leaders to discuss the price crash and what can be ...
"The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States," Trump tweeted. "I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal...
The Saudis want a close relationship with the U.S., and the cooperation with Russia has also been critical to this deal. Therefore, Saudi Arabia's oil minister, Khalid al-Falih, and Russia's oil minister, Alexander Novak,reportedlyagreed on an increase in the targeted output of up to 1 ...
The Opec oil producers's group agreed to increase output, as did Russia, but this failed to reassure markets. The Saudi Press Agency confirmed that President Trump and King Salman had spoken by phone, giving few details. It said they had discussed the need to "preserve the stability of the...
"Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!" Trump said on Twitter on Wednesday. The remarks came just a day prior to OPEC's meeting in Vienna, piling pressure on the Saudi-led cartel, Russia and other...
Ireland "greatly disappointed" with U.S. decision on Iran nuke dear Saudi Arabia welcomes Trump's decision to withdraw from Iran nuclear deal UAE says it supports Trump decision to pull out of Iran nuke agreement Oil prices settle lower after U.S. decision to leave Iran nuclear deal...
"The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States," Trump tweeted. "I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal...
The talks had centered on whether to amend an 18-month-old supply-cut deal between OPEC members and allied countries, including Russia, that has cleared global oil glut and lifted crude prices. Saudi Arabia, backed by non-member Russia, had argued strongly in favor of increasing production as...
U.S. General Electric (GE) also signed 15-billion-dollar deals with Saudi Arabia to boost the latter's non-oil economy. However, the whopping military deals have sparked concerns both in Israel and Iran. Yuval Steinitz, an Israeli senior Cabinet minister and confidant of Prime Minister Benjami...
the Saudi oil giant. There are other countries that could also step in, such as Iraq, Kuwait and Russia. OPEC, an association of 14 petroleum-producing states that includes Iraq and Kuwait, will also have to decide whether to abandon its current "freeze" strategy in order to increase supply...