Trump Says Saudis, Russia Will Cut Output After Call With Prince

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Trump Says Saudis, Russia Will Cut Output After Call With Prince
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TRUMP: I spoke with 'my friend' MBS; Saudis, Russia will cut oil production by ~10 million barrels

-- President Donald Trump said he expects Saudi Arabia and Russia to cut oil production by about 10 million barrels after he spoke by phone with Crown Prince Mohammed Bin Salman on Thursday.

Riyadh has until now made clear it’s ready to cut production provided that other big oil producers, including some that aren’t part of the OPEC+ group like the U.S., Canada and Brazil, also reduce their output.

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