U.S. Oil Companies Line Up With Russia, Saudi Arabia
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Article by:
Julian Lee, Bloomberg
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Date Published:
May 17, 2020
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Who was cited:
FGE
American oil producers have cut much more output than you think. Their reaction to market forces has been bigger than official data suggest, and that means the U.S. is actually working alongside Saudi Arabia, Russia and other big oil producers, to help balance oil supply and demand — even if that wasn’t quite what President Donald Trump intended.
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