Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!
— Donald J. Trump (@realDonaldTrump) April 2, 2020
#BREAKING: Trump after calling the Saudi crown prince: Production cutdown will be great for the oil and gas industry https://t.co/mk3HgpI62d pic.twitter.com/qkX2ctWJOr
— Arab News (@arabnews) April 2, 2020
So Trump’s ‘cut in the oil production’ was more of a request than a done deal. More Trump market manipulation.