President Trump said on Saturday that Saudi-king Salman, the increase of oil production agreed.
President Trump said on Saturday that the king has agreed to Salman of Saudi Arabia, its oil production, to help as much as “2,000,000 barrels”, bring prices to the instability in Iran and Venezuela.
“Just Arabia said to the king Salman of Saudi and explained to him that, because of the turmoil & dysfunction in Iran and Venezuela, I demand that Saudi Arabia increased oil production, perhaps up to 2,000,000 barrels, the difference,” he tweeted. “The prices [sic] up! He has agreed!”
His tweet was later confirmed by The Saudi Press Agency reported that in the call, the two agreed to “maintain the stability of the oil to compensate for the markets and the growth of the global economy and the efforts of the producing countries are potential bottlenecks in the supply.” Not to mention the two million barrel increase.
Only Arabia said to the king Salman of Saudi and explained to him that, because of the turmoil & dysfunction in Iran and Venezuela, I demand that Saudi Arabia increased oil production, perhaps up to 2,000,000 barrels, the difference…the prices are too high! He has agreed!
— Donald J. Trump (@realDonaldTrump) 30. June 2018
Last week, the members of the organization of petroleum Exporting countries agreed to pump a million barrels more of petroleum per day, but in the summer usually leads to a demand for oil in the United States, in turn, the prices press.
Saudi Arabia currently produces about 10 million barrels of crude oil per day, according to the Associated Press.
It was not clear if Trump meant an additional two million per day, but analysts speaking to Bloomberg News believe the Empire can produce more than 12 million a day-that would be a barrel, nearly two-million gap per day.
Iran and Venezuela, the OPEC members, and probably resents every growth. Reuters reported this week that Iran was angry by a recent rise of the Saudis to 10.7 million barrels per day, and accused the US of interfering.
“Our resolution does not allow each member to produce more than their quota” Iran’s OPEC Governor Hossein Kazempour Ardebili said. “If you do, it means that the State Department runs OPEC.”
The Trump administration is pressing Saudi Arabia and other OPEC members to increase production to offset lost Iranian exports and prevent a price increase.
Restlessness has announced that it is surrounded by Iran, according to Trump, the United States withdraw from the Iran nuclear deal, and has urged to stop the allies are buying oil from the country.
Meanwhile, there has been growing unrest in Venezuela in the midst of a prolonged economic crisis.
The Associated Press contributed to this report.
Adam Shaw is a reporter covering the American and European politics for Fox News.. He can be reached.