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Trump says U.S. producers have already cut back oil production

Published 04/08/2020, 07:24 PM
Updated 04/08/2020, 07:25 PM
© Reuters. Dr. Anthony Fauci attends daily coronavirus response briefing at the White House in Washington

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday U.S. oil producers have already cut production and he had many options if Saudi Arabia and Russia do not reduce their output when they and other exporters meet on Thursday.

"Look, we already cut," Trump told reporters when asked if the United States would consider a coordinated production cut. "I think they'll straighten it out. A lot of progress has been made over the last week and it'll be interesting to see what comes out of OPEC tomorrow," he added, referring to a video meeting of OPEC+, which includes the Organization of the Petroleum Exporting Countries, Russia and others, on Thursday.

Latest comments

OLD NEWS STORIES like this are meaningless and should be removed !!
;et it drop below 19 and we come in
My guess is Putin wants to squeez the life out of american and canedian oil so he doesnt have to cut production. Now more then ever all he has to do is sit back and watch the destruction without any bullet fired
my guess, "OPEC+" don't agree to cut, argue that it's because of US, that US can't control it's production that already increased a lot in recent years. final *******to US oil producers mark the beginning of the next selloff of equity. let's see, keep safe !
trump should tell them to keep on pumping....serve them right
We don't decrease
I win, I win again.
According to him, S and R need not cut. US will cut by natural. maybe 5M alone?
tariff them, maintain oil independence
There is a deal quit worrying
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