Trump seen as 'moderator' in world oil talks, as he prepares to meet energy CEOs over price collapse
says Saudi Arabia and Russia could soon agree to a big cut in oil production, but energy analysts say a lot of levers would have to be pulled to make that happen.Trump meets with U.S. oil industry executives at the White House Friday, and there's some speculation the president could ask the industry for help curb production. The industry meets as producers struggle with falling demand and low prices.
In response to Trump's comments, oil prices bounces nearly 30%, but West Texas Intermediate and Brent futures gave up some initial gains.surged 24.67% to settle at $25.32 per barrel, for its largest single-day percentage gain in history. For the U.S., it would be unprecedented in the last half century for government to regulate oil production, as the Texas Railroad Commission last did it in 1970, Yergin said. The U.S., however, has only been permitted by the federal government to export oil for the past four years.
U.S. production was at the heart of a disagreement between Russia and OPEC that led to the end of a three-year agreement to limit production in early March. The OPEC plus group cut back, but the U.S. industry continued to pump oil into an oversupplied market. Saudi responded by upping its own production, and in the month of March, Brent prices fell 54%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Navajo Nation President: U.S. Government Ignoring Native Americans Amid CoronavirusThere are over 170 confirmed cases of COVID-19 on the American Indian reservation. At least seven people have died.
続きを読む »
President Trump Offers Drowning Restaurant Industry One Solution: Tax DeductionsThe restaurant industry has been scrambling for solutions to save itself during the coronavirus pandemic. President Trump has floated the idea of changing a provision in the 2017 tax law.
続きを読む »
The top 10 medical schools in the US, according to US News & World ReportEvery year, U.S. News & World Report releases a comprehensive ranking of the best medical programs in the United States. This year, the publication surveyed 189 accredited medical programs and considered a wide range of factors, including peer assessments and medical research funding from the National Institutes of Health, to calculate its rankings.
続きを読む »
Trump forecasts painful weeks ahead with a 'minimum' of 100,000 U.S. coronavirus deathsPresident Trump gave his most dire assessment to date of the coronavirus pandemic, telling Americans to prepare for a “minimum number” of 100,000 deaths and urging them to follow strict rules on social distancing to prevent even greater tragedy.
続きを読む »
Coronavirus economic updates: US financial markets plunge as Trump warns of 'painful' weeks to comeNEW: U.S. financial markets sink as Pres. Trump warns of 'painful' weeks to come.
続きを読む »