Trump Welcomes Oil Output Cut Agreement

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-04-13 HKT 04:21

Share this story

facebook

  • President Trump said the agreement would protect jobs and was a great deal for all. File photo: Reuters

    President Trump said the agreement would protect jobs and was a great deal for all. File photo: Reuters

US President Donald Trump on Sunday welcomed a deal by top oil-producing countries to cut output to boost plummeting oil prices due to the coronavirus crisis and a Russia-Saudi price war.

"The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States," Trump tweeted.

"I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!" (AFP)

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more