U.S. States To Cut Oil Production
April 25, 2020
7:23 am
U.S. President Donald Trump has disclosed that Texas, Oklahoma, and North Dakota will cut their oil production, without giving specifics on numbers, amid a glut in energy supplies and shortages of storage that led to massive drops in prices on the market.
“They gotta cut,” Trump said, speaking to reporters at the White House.
He also said Canada would make cuts.
“I want to help that industry,” Trump said, calling himself an “energy person.”
He described the cuts as a “natural” evolution, responding to the market.
The benchmark U.S. …
