Historic OPEC+ cut is Trump's 'biggest and most complex' deal ever: Dan Yergin [CNBC]
IHS Markit Ltd. Common Shares (INFO)
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Source: CNBC
VIDEO1:3001:30OPEC+ agrees to record 9.7M BPD output cut in historic dealSquawk BoxAs the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil production, U.S. President"What was so interesting — among many, very interesting things in this unprecedented event — was the turnaround, the pivot by ," Yergin, who is vice chairman at IHS Markit, told CNBC's "Street Signs" on Monday.Just a few weeks ago, Trump had said the early-March plunge in oil prices were "good for the consumerThe sharp decline in oil prices spurredgiant capex and job cuts across the U.S. shale industryhighest production costs in the worldBut Yergin said: "(Trump) came to see this as a national security issue, also an employment issue, and a very important factor in the U.S. economy … and he just jumped in.""This must be the biggest and most complex deal (Trump)'s ever made," Yergin said. "Not only was he a deal maker, but he was also something of a divorce mediato
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