Trump`s Saudi-Russia Oil Gambit Faces Resistance at Home
(World News Russia)

(Bloomberg) — President Donald Trump’s triumphant tweet that Saudi Arabia and Russia are open to substantial cuts to oil production may come with a big catch: the U.S. and other non-OPEC producers would have to join them. Saudi Arabia’s desire for the world to share the burden means Trump would have to unify a fractious and discordant group of U.S. companies and states that haven’t faced output restrictions in nearly half a century, including about 6,000 shale drillers. Trump is scheduled to speak with the leaders of the U.S. industry on Friday in what could be a contentious meeting. The American Petroleum Institute, which is dominated by larger producers, wants the...