US does not negotiate with Riyadh or Moscow on oil production

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US, WASHINGTON (ORDO NEWS) — US Energy Secretary Dan Bruyett said at a meeting with representatives of the oil industry on Friday that the White House is not negotiating with Saudi Arabia or Russia to reduce oil production and wants both sides to come to an agreement with each other, Reuters reports citing a source.

According to the minister, US President Donald Trump is optimistic that a deal between Russia and Saudi Arabia can be reached in a few days.

The source also added that Trump instructed the Minister of Energy and the Minister of Finance to develop measures that will lead to an immediate increase in liquidity for the energy sector.

Trump previously claimed that Russian President Vladimir Putin and Crown Prince of Saudi Arabia Mohammed bin Salman could agree to cut oil production by 10 or even 15 million barrels per day. Officially, no agreements were reported.

Earlier, the Wall Street Journal, citing sources familiar with the plans, said that oil-producing countries at the OPEC + meeting on April 6 intend to discuss the possibility of reducing production by at least 6 million barrels per day. At the same time, earlier on Friday, a source told RIA Novosti that OPEC + will discuss on April 6 the possibility of reducing production by 10 million barrels per day.


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