President Trump says the decision to reduce global oil output by a tenth during the COVID-19 crisis is a 'great deal for all!'
President Donald Trump has said"hundreds of thousands" of energy jobs are set to be saved after a deal with OPEC Plus was finalised.
Intergovernmental group OPEC and its allies on Sunday agreed to a historic deal to cut oil output by 9.7 million barrels a day, or a tenth of global supply, during theThe unprecedented reduction will take place from May to June this year, and then will continue to keep gradually decreasing curbs on production in place for two years until April 2022.On Sunday, the US president confirmed a deal had been reached and expressed his delight over the decision.
Mr Trump tweeted:"The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!"The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States.
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