Texland Petroleum stops production

According to The Wall Street Journal, the American oil company Texland Petroleum is stopping production. All wells in Texas will stop working until early May. The company has no orders for raw materials. The president of the company, Jim Wilkes, said that such restrictions have never been imposed.

Earlier, Trump called the OPEC+ deal a historic agreement. The US president believes the agreement will help 11 million US workers working in the oil and gas industry.