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Energy ministers are going to make things right on the oil market

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Energy ministers are going to make things right on the oil market
April 01
09:00 2020

The U.S. Department of Energy has released an official statement saying that U.S. Secretary of Energy Dan Brouillette and Alexander Novak, who holds a similar post in the Russian Federation, have had telephone conversations. It became known that the ministers had discussed the situation with the price level in the energy market. Mr. Brouilette and Mr. Novak have decided to continue the dialogue by connecting representatives of the world’s largest producers and consumers of “black gold” to it. The purpose of future negotiations is clear – to overcome together the crisis in this complex sector of the economy.

On Tuesday, Donald Trump confirmed that the United States, Saudi Arabia and Russia would work together to find a solution to the problem of oil price drop.

The President mentioned that he personally had communicated with both President Putin and the Prince of Saudi Arabia. Donald Trump also noted that all parties were ready to spoke with one voice and solve the task together.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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