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24.04 - 00:55
22.04 - 06:59
Trump says free market will curb oil output ‘automatically’
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Trump told reporters in Washington that the free market would work to curb American production. President Donald Trump gave the strongest signal yet the U.S.
might not join Saudi Arabia, Russia and other major producers in coordinated oil-production cuts, even as plunging crude prices put thousands of American shale jobs at risk.
While OPEC and its allies prepare for a meeting on Thursday to forge an unprecedented output-cut deal, Trump told reporters in Washington that the free market would work to curb American production. “I think the cuts are automatic if you are a believer in markets," he said, echoing comments he made last week after a meeting with several oil industry titans ended without a public plan for addressing the oil
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