Exclusive: Trump does not plan to ask U.S. oil producers for coordinated cuts - official - Reuters:
The United States does not know formal details of Saudi Arabian and Russian plans to reduce oil supply yet and will not ask U.S. domestic oil producers to chip in with their own cuts, a senior administration official told Reuters on Thursday.
Earlier, President Donald Trump said in a tweet that he expected Saudi Arabia and Russia to cut approximately 10 million barrels from daily production, a comment that sparked a jump in oil prices following weeks of steep declines.
The official said details of planned reductions remained unclear, but a big cut was expected.
Trump was set to meet with leaders of U.S. oil companies on Friday. He will discuss domestic production cuts but will not ask executives to agree on a coordinated drop in supplies, said the official, who spoke on condition of anonymity.
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