07-08-2018, 02:53 PM
Quote:President Donald Trump early Saturday said that crude-oil swing producer Saudi Arabia has agreed to raise output by as much as 2 million barrels a day. Via Twitter, Trump indicated that his discussions with the Saudis centered on the need to reduce crude production to combat expected disruptions from output in major producers Iran and Venezuela. The tweet read: “Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction [sic] 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…Prices to high! He has agreed!” (see tweet below)Trump says Saudi Arabia agreed to raise oil output by ‘maybe up to’ 2 million barrels a day - MarketWatch