OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of worldwide supply in what they expect will be a global effort including the United States, but the White House did not make such a commitment after a Friday meeting with oil companies. While U.S. President Donald Trump pledged help for the industry at the meeting, he made no commitment to take the extraordinary step of persuading U.S. companies to cut output. In a subsequent phone conference, U.S. Energy Secretary Dan Brouillette told industry executives that the White House is not negotiating with Saudi Arabia or Russia, but it is encouraging them to come together to reach an agreement to cut production, a source […]