US efforts to broker a truce between Saudi Arabia and Russia appear to be making progress, with Riyadh calling for an urgent meeting of the Opec-plus alliance “and other countries” to end the chaos in the global oil market. The Saudi move came after US President Donald Trump said on Thursday that he expected Riyadh and Moscow to reach an agreement soon on unprecedented production cuts of 10 million barrels per day or more (OD Apr.3’20).
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