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Friday, 29 May 2020

Saudi Arabia not confirming Trump's 2M barrels of extra oil production

AP , Saturday 30 Jun 2018
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Saudi Arabia says that King Salman has spoken to President Donald Trump, but gave no mention of the 2 million barrels of extra production the American leader tweeted about earlier in the day.

A statement on the state-run Saudi Press Agency on Saturday afternoon said: "During the call, the two leaders stressed the need to make efforts to maintain the stability of oil markets and the growth of the global economy."

It added that there also was an understanding that oil-producing countries would need "to compensate for any potential shortage of supplies." It did not elaborate.

Trump tweeted earlier Saturday that he has received assurances from King Salman that his kingdom would increase oil production, "maybe up to 2,000,000 barrels," in response to turmoil in Iran and Venezuela.

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