Saudi Arabia confirms the increase in oil production



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The king of Saudi Arabia will increase his production at the request of the President of the United States, Donald Trump

Trump: "The prices are too high!"

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June 30, 2018, 3:22 pm [19659004] <img src = "https://abrilexame.files.wordpress.com/2018/06/2018-06-22t201416z_53889708.jpg" clbad = "abril-image optimized lazyload" abril-data-id = "2985820" sizes = "(min-width: 991px) 680px, 420px, (max-width: 360px) 360px," srcset = "https://abrilexame.files.wordpress.com/2018/06/2018 -06-22t20 1416z_53889708.jpg? Quality = 70 & strip = info & resize = 680,453 680w, https://abrilexame.files.wordpress.com/2018/06/2018-06-22t201416z_53889708.jpg?quality=70&strip=all&resize=420,280 420w, https: // abrilexame.files.wordpress.com/2018/06/2018-06-22t201416z_53889708.jpg?quality=70&strip=all&resize=360,240 360w, "alt =" Donald Trump "title =" Donald Trump "He agreed," Trump wrote (Leah Millis / Reuters)

Riyadh – The King of Saudi Arabia Salman bin Abdul Aziz, confirmed on Saturday that he pledged to increase the country's oil production [19659009] The two men spoke on the phone, and according to the Saudi official agency "SPA", the monarch expressed to the US president the commitment of producing countries "

Trump and King Salman also expressed their support for maintaining the "stability" of the oil market and the growth of the world economy, according to the declaration of "SPA" [19659010] The US president revealed on Twitter that he had asked the Saudi monarch to increase oil production up to 2 million barrels a day to stem rising prices and buy and the " upheaval "in Iran and Venezuela.

"Prices are too high! He agreed," Trump wrote on the social network, citing Salman's answer.

The value of a barrel of oil, which cost less than $ 30 in January 2016, is now at $ 75,

Last week, Trump had asked members of the Organization of the Countries Oil exporters (OPEC) to increase "substantially" production to keep prices low.

Last Friday, the OPEC and its allies decided to increase production by 1 million barrels a day. However, the effect on supply would be 600,000 barrels a day

It is not clear if the increase revealed by Trump goes beyond what has already been agreed with OPEC. However, Bloomberg said this week that state-owned Saudi oil company Saudi Aramco plans to increase production to 10.8 million barrels per day from July because of US pressure.

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