Would Be New Deal For Substantial Oil Output Cuts?

Islam Times - On Thursday and while the oil war between Moscow and Riyadh is at its peak, the US President Donald Trump said that Saudi Arabia and Russia have agreed to cut oil production between 10 and 15 million barrels a day which accounts to 10 to 15 percent of the global oil supply. The news gave the oil markets a shock, pushing the Brent crude oil about $10 higher.

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