4/1, 12:39 AM (Source: TeleTrader)
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Trump: Oil price war bad, but will help airlines

United States President Donald Trump said on Tuesday that the oil price war between Russia and Saudi Arabia is "hurtful" for the energy industry but added it was good for airlines as they will have to pay less for fuel.

Trump insisted the issue should be resolved because "we don't want to lose an industry" and added he will be willing to join talks with Russian and Saudi leaders "at an appropriate time" if necessary to resolve the crisis.

On Monday, the US president agreed with his Russian counterpart Vladimir Putin to stage ministerial-level talks on oil prices. Meanwhile, Trump has vowed to support the aviation industry which has been severely hit by the coronavirus outbreak.

Breaking the News / NP