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President Donald Trump said He had a telephone conversation with President Vladimir Putin, the Russian leader, and Prince Mohammed bin Salman, the Crown Prince of Saudi Arabia. After the oil exporting countries (OPEC) and the National Alliance. Or OPEC Plus An agreement was reached to reduce oil production capacity by 10 million barrels / day yesterday.
“We have a discussion about oil production. And about OPEC to make our oil industry better than it is now,” said President Trump.
However, OPEC Plus, except Mexico, reached an agreement to reduce oil production capacity by 10 million barrels / day for 2 months, starting on May 1.
Furthermore, OPEC will reduce production by 8 million barrels / day in the next 6 months until the end of this year. And then it will reduce production by 6 million barrels / day for 16 months, starting from January 1, 2021 through April 30, 2022.
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