Trump administration officials are trying to thread a diplomatic needle, potentially giving foreign rivals the signal they want, even without government mandates
WASHINGTON—U.S. production of crude oil will fall 13% by year’s end, according to a government forecast Tuesday—numbers the White House hopes to use to convince Saudi Arabia and Russia to end their price war, a senior administration official said.
Saudi Arabia, in a dispute with Russia, has worsened a global oil glut by ramping up production at a time when demand has dropped because of the coronavirus pandemic. Both countries have said privately they are open to reducing production only if the U.S. also agrees to mandate cutbacks.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Russia, Saudi 'very, very close' to a deal on oil output cuts - CNBCSaudi Arabia and Russia are 'very, very close' to a deal on oil production cuts, Russia's sovereign wealth fund chief told CNBC on Monday https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html.
Baca lebih lajut »
Oil falls after Saudi Arabia, Russia delay meetingOil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand.
Baca lebih lajut »
Russia and Saudi 'very close' to oil deal – Moscow envoyKirill Dmitriev, one of Russia's top oil negotiators who also heads the sovereign wealth fund, says a deal is imminent, a month after oil prices tumbled due to the coronavirus pandemic and a price war between Russia and Saudi Arabia.
Baca lebih lajut »
U.S. oil state senators to talk crude markets with Saudi officials Saturday: sourceRepublican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said on Tuesday.
Baca lebih lajut »
Oil prices jump on hopes for OPEC, Russia meeting on output cutsOil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic.
Baca lebih lajut »
The UK Has Condemned Russia For Spreading 'Disinformation' About Boris Johnson's HealthThe prime minister remains under observation in hospital on Monday but was 'in good spirits', his office said.
Baca lebih lajut »