[ad_1]
The Iranian official quoted by the official IRNA news agency also said that such an increase would mean the withdrawal of Saudi Arabia from OPEC as this would violate the agreements of the Organization on production limits.
Saudi King Salman bin Abdelaziz yesterday confirmed that he had promised to increase oil production at the request of US President Donald Trump to make up for any "potential supply gap".
US President Donald Trump said Saturday that the King of Saudi Arabia agreed to increase oil production, "perhaps up to two million barrels", a conversation that the Saudis have confirmed, but without mentioning goals.
"I just spoke to King Salman [bin Abdelaziz] and explained to him that with the unrest and the malfunctions in Iran and Venezuela, I ask Saudi Arabia to". increase its oil production, perhaps up to two million barrels, to catch up, "writes Trump on Twitter.
"Prices are too high, he accepted!", He added, referring to the Saudi king.
The price of oil rose after the United States urged its allies not to buy oil from Iran, in a commercial environment already disrupted by instability in Venezuela and the conflict between Libyan factions on the control of the country's oil infrastructure.
Last week, OPEC agreed to increase its production by one million barrels per day, an amount that could be in the medium term of 600,000 barrels, to contain prices, which are at their highest level since 2014.
In the United States, the gallon (3.78 liters) costs an average of 2.85 dollars (about 2.43 euros), or 63 cents (53 cents euros) more than the price tag. last year, according to the AAA badociation.
It is not clear if the increase mentioned by Trump today joins the agreement with OPEC and whether it refers to barrels per day or per month.
Saudi Arabia currently produces about 10 million barrels a day.
Source link
