OPEC and Russia have postponed a meeting set for Monday to discuss supply cuts and ending a brutal price war
The meeting is now scheduled for April 9, an OPEC source told CNN on Saturday. The meeting, which was called by Saudi Arabia, comes after President Donald Trump suggested that massive production cuts could be on the way and Saudi Arabia called for an"urgent" effort to restore"balance" to the oil market.
Read MoreThe United States, United Kingdom, Canada and Mexico could be invited, according to reportsTrump, who met on Friday at the White House with US oil executives, said he's optimistic that Saudi Arabia and Russia will reach a deal to end their price war that erupted early last month. "I think President Putin and the crown prince want something to happen badly," Trump said, according to a White House readout of the meeting, referring to Saudi Crown Prince Mohammed bin Salman.
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