Trump Says Free Market Will Curb U.S. Oil Output ‘Automatically’
- Comment comes as OPEC+ prepares to negotiate production curbs
- U.S. president says he hasn’t been asked to join output cuts
This article is for subscribers only.
President Donald Trump gave the strongest signal yet the U.S. might not join Saudi Arabia, Russia and other major producers in coordinated oil-production cuts, even as plunging crude prices put thousands of American shale jobs at risk.
While OPEC and its allies prepare for a meeting on Thursday to forge an unprecedented output-cut deal, Trump told reporters in Washington that the free market would work to curb American production.