JRL NEWSWATCH: “Russia Hails Oil Deal It Says Will Save Millions of U.S. Jobs” – Reuters

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“… .planned supply cuts represent a complete reversal by Russia and Saudi Arabia, which had both threatened to ramp up output in a battle for market share after the previous deal between … OPEC[] and other producers fell apart …. Combined with G20 input, the leaders of Russia, the United States and Saudi Arabia engaged in a series of phone […]

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JRL NEWSWATCH: “Trump, Putin, Saudi Crown Prince Scramble to Fix Oil Markets” – Wall Street Journal/ Georgi Kantchev, Summer Said, Andrew Restuccia, Justin Scheck

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All three leaders face economic threat from low prices. Moscow and Riyadh bury the hatchet. “… On Thursday, Saudi Arabia and Russia ended their stalemate and convinced a handful of other major oil producers to join them in the biggest monthly oil-production cut ever. … Mexico … [also] said it would reduce … production by 100,000 barrels a day …. […]

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