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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (1367277)7/17/2022 8:55:27 AM
From: Wharf Rat1 Recommendation

Recommended By
pocotrader

  Respond to of 1578418
 
"Trump, he would never have to beg for oil "

Special Report: Trump told Saudi: Cut oil supply or lose U.S. ...
reuters.com

Apr 30, 2020 — On April 12, under pressure from Trump, the world's biggest oil-producing nations outside the United States agreed to the largest production cut ...



To: FJB who wrote (1367277)7/17/2022 9:18:45 AM
From: locogringo  Respond to of 1578418
 
Somebody will now pull up an old article when Trump tried to save the world oil market from collapse and lie about the reasons for doing it. Such ignorant trolls will lie and spin facts into fiction to serve their political purposes to slime President Trump. Of course, those same unwashed liars still believe in Russian Collusion and the drunken Hillary fake dossier.

On April 12, under pressure from Trump, the world’s biggest oil-producing nations outside the United States agreed to the largest production cut ever negotiated. OPEC, Russia and other allied producers slashed production by 9.7 million barrels per day (bpd), or about 10% of global output. Half that volume came from cuts of 2.5 million bpd each by Saudi Arabia and Russia, whose budgets depend on high oil-and-gas revenues.

Despite the agreement to cut a tenth of global production, oil prices continued to fall to historic lows. U.S. oil futures dropped below $0 last week as sellers paid buyers to avoid taking delivery of oil they had no place to store. Brent futures, the global oil benchmark, fell towards $15 per barrel - a level not seen since the 1999 oil price crash – from as high as $70 at the start of the year.

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources | Reuters