TRUMP: US Unlikely to Cut Oil Production

The United States is unlikely to reduce oil production, US President Donald Trump said in a White House briefing. I don 't think Listen, we 've already reduced, we 're very market-oriented, he said. Trump also accused Russia and Saudi Arabia of flooding the market with cheap oil. At the same time, he stressed that Riyadh and Moscow themselves suffer from lower oil prices. Trump is confident that there was no point in these actions. According to the news agency, on April 8, the Ministry of Energy of the Russian Federation announced Russia's readiness to reduce the level of oil production by 14% from the level of the first quarter of 2020. However, Moscow will reduce production if other countries take the same step.