Calling trump to Saudi Arabia to increase oil production 12P04.1-G

(40.00) Calling trump to Saudi Arabia to increase oil production

US President Donald Trump calls on Saudi King Salman to increase oil production. In a tweet, Trump said that he called the Saudi king to produce more than 2 million barrels of oil per day.

The US president said this move was necessary in the chaos caused by the unstable environment in Iran and Venezuela. He said Saudi King agreed with oil prices more.

Oil prices have started to rise since last week after US sanctions against Iran, one of the oil producing countries. Although the oil production companies announced the production of OPEX, the market has not stopped instability.

Saudi Arabia's state news agency confirmed the telephone with the King Salman Khan in the trump. But the message agency did not give any details. It has been said only that the oil market has been discussed to protect the stability. Saudi Arabia's consent was not to mention the trump to produce additional two million barrels of oil per day.

Saudi Arabia produces 1 million barrels of oil per day, the world's largest oil exporter. It is estimated that the country has the capacity to produce 15 to 2 million barrels per day. However, experts from the Wall Street Journal say Saudi Arabia may not have the ability to request trump.

One Saudi official said Saudi Arabia does not want to produce more than 10 million barrels of oil per day. Because it's too expensive.

The White House said in a statement that Saudi King promised to increase oil production if needed. It has been said that King Salman has confirmed that there is an additional capacity to produce 2 million barrels of oil in Saudi Arabia. This capability will be used if the market stability is needed.