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The President of the United States, Donald Trump said Saturday in his Twitter account that King Salman of Saudi Arabia had accepted his request to increase the production of oil "perhaps up to 2 million barrels" to offset the pumping of Iran and Venezuela.
"I just spoke with King Salman of Saudi Arabia and I explained to him that because of turmoil and dysfunction in Iran and Venezuela, I ask Saudi Arabia to increase its oil production, perhaps up to two million barrels, to make up the difference, prices have risen! He agreed! ", wrote the president on Twitter.
I just spoke to King Salman of Saudi Arabia and explained to him that because of the unrest and malfunctions in Iran and Venezuela, I ask Saudi Arabia to go to Saudi Arabia. increase its oil production, perhaps up to 2,000,000 barrels. ..The prices are high! I accepted it!
– Donald J. Trump (@ realDonaldTrump) June 30, 2018
Trump did not specify if the figure was barrels per day (bpd).
During the conversation, the Saudi King and Trump stressed the need to preserve the stability of the oil market and the efforts of the oil-producing countries to make up for any shortages, the Saudi state press reported on Saturday. .
The report does not mention any intention on the part of Saudi Arabia, the world's largest oil exporter, to increase its production by 2 million barrels a day. The Saudi authorities did not comment immediately.
Saudi Arabia has a maximum sustainable capacity of 12 million b / d but the largest oil exporter in the world and the largest producer of OPEC has ever proved this high level of production.
Last week, OPEC led by Saudi Arabia and its allies, including Russia, agreed to boost oil supply after cutting production since 2017 to cope with to a global oversupply.
Riyadh plans to produce up to 11 million bpd in July, the largest in its history, of 10.8 million bpd in June, said a source from the oil industry in Reuters this week.
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