President Donald Trump reported on the possibility of reducing oil production in the United States.
U.S. President Donald Trump predicted a possible decision to reduce oil production in the country, if necessary. The President said this at a press conference to American journalists.
“This is a decision that we have to make. Maybe we will take it, maybe not. I think it will happen automatically <…>”, – Trump said.
The U.S. President noted that OPEC members have not yet asked him to do so. He believes that the decline in oil production may occur due to lack of demand in the market. The unstable situation in the US market started on March 6, when OPEC+ participants could not come to a single solution. The Russian government did not support the proposal to further reduce oil production.
Earlier Argumenti.ru with reference to Bloomberg reported on Russia’s readiness to reduce oil production by one million barrels per day, provided that the U.S. does the same.