Trump says expects Russia-Saudi oil deal soon, invites US oil chiefs to White House

Financial Post | Apr 2, 2020 at 4:44 AM

U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.

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  • Trump says expects Russia-Saudi oil deal soon, invites US oil chiefs to White House (Reuters: Apr 2, 2020 at 4:43 AM)

Saudi Wants Cooperation to Bolster Oil, Blames Russia for Turmoil: Gulf Source

New York Times | Apr 2, 2020 at 4:33 AM

Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia’s opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters.