RE: If the opec meeting8 Apr 2020 10:55
Trump cant join the party, theres a bill going through either the Senate or Congress re cartel behaviour of OPEC etc
But that aside, Exxon just pulled 10billion capex and primarily from Permian. Coupled with the mass drop in rigs that will continue this week and for foreseeable the shale output will fall off a cliff, no help required from Trump. OPEC know this, the question will other non opec producers join and Norway has signalled it will. But it's going to take a gesture from the US, it may come in the form of an accurate EIA report re US production levels.