https://sputnikglobe.com/20200319/us-to-get-involved-in-oil-price-war-at-appropriate-time---trump-1078629868.html
US to Get Involved in Oil Price War at Appropriate Time - Trump
US to Get Involved in Oil Price War at Appropriate Time - Trump
Sputnik International
WASHINGTON (Sputnik) - The United States at an appropriate time will interfere in the oil price fight between Russia and Saudi Arabia which is turning... 19.03.2020, Sputnik International
2020-03-19T17:19+0000
2020-03-19T17:19+0000
2022-12-19T13:51+0000
https://cdn1.img.sputnikglobe.com/img/107862/99/1078629997_0:128:3072:1866_1920x0_80_0_0_86ae1f701516c3400e4417bc25af3887.jpg
russia
saudi arabia
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2020
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
newsfeed, russia, saudi arabia, us
newsfeed, russia, saudi arabia, us
US to Get Involved in Oil Price War at Appropriate Time - Trump
17:19 GMT 19.03.2020 (Updated: 13:51 GMT 19.12.2022) WASHINGTON (Sputnik) - The United States at an appropriate time will interfere in the oil price fight between Russia and Saudi Arabia which is turning devastating for both of them, US President Donald Trump said on Thursday.
"It’s very devastating to Russia, because their whole economy is based on that and we have the lowest oil prices in decades. I would say it’s very bad for Saudi Arabia. They are in a fight on price, on output," Trump told reporters at a White House briefing. "At the appropriate time, I will get involved."
He added that the US has much leverage over the situation.
"I spoke with numerous people... and we have a lot of power over the situation. We are trying to find some kind of a medium ground," Trump said.
In the United States lower prices hurt local oil producers but are mostly beneficial for the rest by drastically reducing energy costs, Trump added.
