Snapshots

Despite Falling Oil Prices, U.S. Production Cuts Remain Unlikely

Mar 20, 2020 | 21:01 GMT

In response to collapsing global oil prices, there are signs that U.S. President Donald Trump -- and now, the agency overseeing Texas' massive energy industry -- is mulling a potential production cut deal with Russia and Saudi Arabia. But doing so would mean overcoming political hurdles in the United States, divisions over proposed production cuts in the U.S. oil industry, and the challenges associated with negotiating an agreement between the world’s largest oil producers. ...

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