"President Trump talked yesterday with Russian President Vladimir Putin in an effort to convince him to bring to an end a global price war that's crippling U.S. oil producers.
The call came days after Secretary of State Mike Pompeo talked with Saudi Crown Prince Mohammed bin Salman, telling him the kingdom has a "real opportunity to rise to the occasion and reassure global energy and financial markets."
But analysts say that despite the stepped-up engagement, there may be no easy resolution to the situation because the United States doesn't have the leverage and neither of the countries has much of an incentive to reverse course."
Lesley Clark, Mike Lee, and Carlos Anchondo report for EnergyWire March 31, 2020.
Source: EnergyWire, 04/01/2020
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