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Trump put ultimatum to Saudi Arabia to reduce oil production, - media

Source : 112 Ukraine

The American president threatened the Saudi prince with the withdrawal of troops from the country if OPEC does not agree to reduce production, according to media reports
17:17, 1 May 2020

Associated Press

US President Donald Trump threatened Prince of Saudi Arabia Mohammed bin Salman Al Saud with the withdrawal of US troops in the event that OPEC+ countries do not reduce oil production. This was reported by Reuters with reference to its sources.

As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi leaders an ultimatum.

In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.

Related: Price of American WTI oil for the first time in history fell below zero

Trump delivered the message to the crown prince 10 days before the announcement of production cuts. The kingdom’s de facto leader was so taken aback by the threat that he ordered his aides out of the room so he could continue the discussion in private, according to a U.S. source who was briefed on the discussion by senior administration officials.

The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output.

A senior U.S. official told Reuters that the administration notified Saudi leaders that, without production cuts, “there would be no way to stop the U.S. Congress from imposing restrictions that could lead to a withdrawal of U.S. forces.” The official summed up the argument, made through various diplomatic channels, as telling Saudi leaders: “We are defending your industry while you’re destroying ours.”

Related: U.S. Commission begins investigation into record drop in oil price to minus $ 38

 

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