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Saudi Arabia does not have the capacity to increase its oil production by two million barrels a day, according to Hossein Kazempour Ardebili, Iran's ambbadador to the Organization of the Countries Oil Exporters (OPEC)
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 because this would violate the Organization's agreements on production limits.
Saudi King Salman bin Abdelaziz, confirmed yesterday that he has pledged to increase oil production at the request of US President Donald Trump to offset "any potential supply gap. "
US President Donald Trump said Saturday that the King of Saudi Arabia has agreed to increase oil production, "perhaps up to two million barrels," a conversation that the Saudis confirmed but not to mention
"I just spoke to King Salman [bin Abdelaziz] and explained to him that with the turmoil and malfunctions in Iran and Venezuela, I ask Saudi Arabia to increase its oil production, perhaps up to two million "Trump wrote on Twitter
" Prices are too high.The price of oil rose after the United States pressed their allies not to buy oil from Iran, in a trading environment already disrupted by instability in Venezuela and by the United States, "he said.
Last week, OPEC agreed to increase production by one million barrels a day, an amount that could be medium-term 600,000 barrels, to contain oil in the country. prices, which are at their highest level since 2014.
In the United States, the gallon (3.78 liters) costs on average 2.85 dollars (about 2.43 euros), 63 cents (53 euro cents) ) than last year, according to the American automobile badociation AAA.
It is not known if the increase mentioned today by Trump joins the agreement with OPEC and whether it refers to barrels per day or per month
L & # 39 Saudi Arabia currently produces about 10 million barrels a day
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