Saudi King Salman agrees to increase oil production: Trump

US President Donald Trump said on Saturday that Saudi Arabia’s King Salman had agreed to his request to ramp up oil production, a week after OPEC already announced an output rise.

The official Saudi Press Agency confirmed a phone call between the two leaders about oil but mentioned no specifics.

Read Also: A suicide bomb attack Afghanistan killed 19 people

“Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & dysfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference,” Trump announced in an early morning tweet.

“Prices too high! He has agreed!”

Later, the White House released a more cautious statement saying “the two leaders reaffirmed their dedication to a healthy and stable global energy market for the benefit of all nations.”

Read More

Leave a Reply

Your email address will not be published.