-- Russia’s President Vladimir Putin and his U.S. counterpart Donald Trump discussed the OPEC+ deal, just days before the producers’ alliance meets to discuss the future of its output cuts.
“It has been stated that the multilateral agreement reached with active support of U.S. and Russian presidents has been leading to a gradual recovery of oil demand and price stabilization,” the Kremlin said in a statement Monday about the call. The Organization of Petroleum Exporting Countries and its partners, including Russia, will meet this week or next to discuss whether to extend their current oil-production cuts, or allow them to taper from July 1. The U.S. did not formally join the deal, but Trump helped to broker it and the country’s production has dropped significantly as shale producers shut down wells due to low prices and weak demand.
The alliance has agreed to collectively curb output by a record 9.7 million barrels a day in May and June to offset the impact on oil demand of coronavirus lockdowns. Saudi Arabia and its Gulf allies, who have made additional voluntary supply cuts, favor maintaining the curbs at their deepest level for an extra one to three months, according to a delegate.
While crude prices have rallied recently due in part to a stronger-than-expected rebound in demand, the global oil market is vulnerable to the risk of a second wave of coronavirus infections. Also, at about $35 a barrel, prices are below what most OPEC+ countries need to cover planned government spending.Subscribe now to stay ahead with the most trusted business news source.
No justice no peace.
The call was Trump taking directions and probably planning his escape when the train wreck of his illegitimate presidency comes to an end.
is that all he thinks about at a time like this? Asshat.
After getting orders from Putin Trump calls for more military, punishment and attacks on press,
I would have to say at this point, that no one is going to come to a meeting that Trump is hosting before the election.
That’s his boo
I hope the other countries BOYCOTT.
Needless to say it was a perfect call.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump, Putin and Bolsonaro find their populist playbooks are no match for coronavirusThe pandemic could have been a moment of glory for the world's populist leaders. This is a period of heightened fear and anxiety -- emotions that typically allow them to thrive. Instead, some are finding themselves powerless against outbreaks ravaging their countries. angeladewan Their limited capacity to reason in favour of the people will be their undoing. angeladewan 32 contries in all continents are connected in a HOPE SONG hopesong angeladewan you guys at responsibile for all the built up of unrest driven by the owners of CNN. some of u with a conscience know deep down u are spreading fear 24/7 The media is one of the worse forms of mental abuse to society & many people don’t realize it.
Source: CNN - 🏆 4. / 95 Read more »
Anti-Trump Republican group attacks Trump on race in new adThe anti-Trump Republican group, The Lincoln Project, is planning to air a new attack ad blasting President Donald Trump's record on race relations in the US. Double up right CNN. Put the pressure on. I hope you all have a conscience and have not sold your souls $$$. Think about where our kids will grow up. I know you see how dirty Democrats are. WakeUpAmerica TRUMP'S DETERMINED 2 DESTROY AMERICAN DEMOCRACY! HIS PLAN Has Always Been 2 CREATE an 'ALTERNATIVE WORLD' where the ONLY TRUTHS are 'TRUMP TRUTHS'! HE'S got 'TRUMP ENABLERS' WORKING 2 HELP HIM SCHEME 2 CARRY IT OUT. AMERICA RISE! VOTE 2 GET TRUMP OUT! Just saw fires, cars on fires, looting is unacceptable and unprofessional -Democratic states - sad to see this -there has to be more arrests made - when they have jail records then then realize they should not have done riots - At night these are no longer valid protests go home
Source: cnnbrk - 🏆 393. / 55 Read more »
Floyd's brother: Trump 'didn't give me the opportunity to even speak'Philonise Floyd, George Floyd's brother, calls for the murder charge against former Officer Derek Chauvin to be changed to 1st-degree murder. He goes on to say President Trump didn't give him 'the opportunity to even speak' during their conversation. realDonaldTrump was HIGH as gas Seriously, did you honestly think that racist baboon that encourages racial separatism in America would give you anything? He’s a disgrace. I really do feel sorry for the Floyd family. Does he know President Trump expedited the investigation and called on the FBI to also investigate Mr. Floyd's civil rights being violated? Biden has been in the government for over 40 yrs., & didn't do a damn thing.
Source: MSNBC - 🏆 469. / 51 Read more »
Fox News Star Geraldo Rivera Unloads on Trump: ‘What Is This, 6th Grade?!’Geraldo Rivera delivered one of the harshest condemnations of Donald Trump ever aired on Fox News Friday afternoon when he appeared on The Five and took the president to task for threatening Minneapolis protesters with violence.After first criticizing Democrats for “studiously avoiding” the looting and LOL yep No shit Geraldo we’ve been saying this since 2015 JFC catch up!!!! Geraldo Rivera...you are in the 6th grade!
Source: YahooNews - 🏆 380. / 59 Read more »
Maryland's GOP Governor Rips Trump For 'Inciting Violence With Twitter' In Minneapolis"Inflammatory rhetoric" isn&39;t "helpful," chides Gov. Larry Hogan, who dealt with unrest after the death of Freddie Gray in police custody in Baltimore in 2015. The disgraced LarryHogan can go F V C K Himself. Rubbish The perfect storm...Donald stealing the election, his virus, George Floyds murder, job loss, love ones dead from virus, spews hate and division, fear, blames everyone but himself, 3 yrs of his sh*t etc. VOTE HIM OUT!!!! And take OUR COUNTRY BACK!!!!
Source: YahooNews - 🏆 380. / 59 Read more »
Trump Threatens to Use ‘Vicious Dogs’ on White House Protestors, Blames ‘Antifa’ and ‘Radical Left’In a series of tweets on Saturday morning, President Trump threatened he would have used “vicious dogs” on White House protestors and blamed Antifa and the “radical left” fo… What? Are the flying monkeys not available? Breaking: Trump writes secret service fanfiction while America burns. I hate how we cannot bring the country together; political views need to be conversations and not sports teams
Source: Variety - 🏆 108. / 63 Read more »