Saudi King Agrees To Ramp Up Oil Production, Says Trump • Channels Television

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US President Donald Trump speaks in the East Room of the White House on June 18, 2018 in Washington, DC. Brendan SMIALOWSKI / AFP

 

US President Donald Trump said on Saturday that Saudi Arabia’s King Salman had agreed to his request to ramp up oil production, a week after OPEC already announced an output rise.

“Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & dysfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference,” Trump announced in an early morning tweet.

“Prices too high! He has agreed!”

Trump has repeatedly lashed out at OPEC on Twitter in recent months, piling pressure on Riyadh, a major ally, to boost output as he hopes for lower pump prices before midterm congressional elections in November.

His latest comments come a week after ministers from the Organization of the Petroleum Exporting Countries — of which Saudi Arabia…



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