Trump approved the Saudi Arabia's plans to oust Russia from the oil markets, writes Politico
The head of the United States Donald trump has supported Saudi Arabia's plans to oust the Russian Federation oil markets, with production capacity of fuel, about it informs Politico citing informed sources.
The head of the United States Donald trump has supported Saudi Arabia's plans to oust the Russian Federation oil markets, with production capacity of fuel, about it informs Politico citing informed sources.
His position the President stated on March 9 in a telephone conversation with crown Prince of Saudi Arabia Mohammed bin Salman.
According to the former occupying a high position employee of the administration, trump has blessed the plans of Riyadh, But at the same time tried to convince to prevent a too strong fall in oil prices, to protect producers of fuel in the United States.
However, as the source explained to Politico, the price drop two weeks after the trump conversation with Salman was so strong that it caught the White house off guard." Nobody thought it (oil - ed.) falls so far, " said the source.
first of TheWall Street Journal said that officials from the U.S. Department of energy the administration convince trump to make an Alliance with Saudi Arabia to control oil prices.
it is planned that this decision will give the opportunity to defend against major collapses in oil prices, and can also weaken the partnership between Saudi Arabia and Russia.
By trump last week said that the Russian Federation and Saudi Arabia oppose for market share and this has dropped the prices of petroleum products to the lowest levels in decades. According to his statement, the United States will intervene in the situation at the " right time ", and as long as trying to find "somewhere" between the benefit from the lower prices and the protection of its oil industry.
Press Secretary of the President Dmitry Peskov, explaining the words of the American leader, said that the Russian leadership understand the reason for his statements - most organizations suffer from low prices and the American shale oil companies and all are in distress.
The prices of petroleum products since the beginning of March fell by almost 2 times on the background of slowing demand due to the outbreak of coronavirus, and the destruction of the Treaty of OPEC and the promises of Saudi Arabia to significantly increase the production up to 13 million barrels per day. At the end of last week of may futures on Brent oil traded in the region of 27-30 per barrel.
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