Donald Trump says Saudi king has agreed to ramp up oil production

Donald Trump says Saudi king has agreed to ramp up oil production

"Kuwait will raise its oil production from tomorrow to 2.785 million barrels, a daily increase of 85,000 compared to May, based on last week's production cut agreement", Mr Al Rashidi told Arabic-language daily Al-Rai.

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.

The Saudi Press Agency confirmed that President Trump and King Salman had spoken by phone, giving few details. The figure is higher than agreed by the Organization of Petroleum Exporting Country last week.

The announcement comes in the backdrop of US" assertion of "zero tolerance' against any country or entity that flouts its diktat to stop buying crude from Iran beyond a November 4 deadline.

"Saudi Arabia does not really like going beyond 11 million barrels a day and has no intention of expanding its current production capacity".

Following the veinna meeting, Angolan Oil Minister Diamantino Azevedo said: "We have agreed".

"Breaking Bad" cast reunites for 10th anniversary
Something that was so indelible and meaningful in your life and you can't, and I don't want to, ' he said. Paul, who played his partner Jesse Pinkman, added: 'I love these people.

Pompeo: North Korea yet to return US troop remains
However, the project never advanced beyond a trial run before South Korea pulled out in June 2008 amid worsening ties. Seoul hopes the line will eventually link South Korea with Russian Federation and the trans-Siberian railway.

Having the Same Doctor Halves Chance of Early Death
Seeing the same doctor each time you need medical care might reduce your risk of death, research suggests. Many health experts have stressed the importance of providing continued care for patients in the past.

Jordan added: "It's noteworthy that the Saudis did not want to say that they are committed in any official output level, that they would be inclined to have any financial dealings with Iran in the face of any possible United States sanctions".

Iranian OPEC governor Hossein Kazempour Ardebili told Bloomberg that Trump's request amounts to "calling on [Saudi Arabia] to walk out from OPEC".

The president's citation of high prices and "turmoil and dysfunction" in Iran and Venezuela has raised eyebrows among critics who have pointed to his own actions as causes.

"If this trend, what the Russians and the Saudis have offered, I think it will lead to an implosion of the OPEC as an global trade institution", Cherkaoui added.

"Six US presidents before him tried this and had to give up", Mr Khamenei cautioned on his website. It said they had discussed the need to "preserve the stability of the oil market".

The value of Iran's currency, the rial, has tumbled since Washington backed out of the Iran nuclear deal in May. "This was managed between the two to rob the pocket of rest of the world".

Related Articles

  • Barca's €56m Bid For Chelsea Star Rejected

    Barca's €56m Bid For Chelsea Star Rejected

    However, his relationship with Antonio Conte was not the greatest and even Manchester United have been linked with the Brazilian. The Brazilian was one of the Blues' top performers last season, notching 13 goals and 12 assists in all competitions.
    Japan loses but moves on thanks to fair play tiebreaker

    Japan loses but moves on thanks to fair play tiebreaker

    Poland really didn't chase the ball down either as they had nothing to play for and were content with the scoreline. "So with the time passing it was my decision to stay put, and then when I used Hasebe it was the ultimate message".
    Crowds, including those in east Idaho, protest Trump's immigration policies

    Crowds, including those in east Idaho, protest Trump's immigration policies

    They carried signs reading: "No more children in cages", and "What's next? As a nation and a people we can do better", Lewis said. The executive order not a solution: there are still 2,000 children separated from their families in what are essentially prisons.
  • US Ambassador to Estonia Resigns Over Trump Comments

    US Ambassador to Estonia Resigns Over Trump Comments

    The U.S. ambassador to Estonia, James Melville, is quitting the diplomatic service after 33 years, over comments made by U.S. If you like this story, share it with a friend! "And I think that he has behaved in a very honest and honorable way".
    Mbappe to donate world cup match fees to charity

    Mbappe to donate world cup match fees to charity

    Mbappe, 19, became the first teenager since Michael Owen in 1998 to score two goals in a World Cup game. PSG star Kylian Mbappe is donating his entire World Cup match fees to charity.
    US President Trump hails Supreme Court's support for travel ban

    US President Trump hails Supreme Court's support for travel ban

    But the judge was careful not to endorse Mr Trump's provocative statements about immigration in general and Muslims in particular. Trump said they lost and he won in the case, and suggested the case should pave the way for his immigration policies.
  • 1998 baby Mbappe can bring France glory once more

    1998 baby Mbappe can bring France glory once more

    Both sides went into the game without playing their best in the group games but Argentina had been the poorer of the two sides. Sunday's (NZT) victory gave France a spot in the World Cup quarterfinals.
    Thieves Compromise Bank Account of Richard Overton, America’s Oldest Living Vet

    Thieves Compromise Bank Account of Richard Overton, America’s Oldest Living Vet

    Although it's unclear if the funds will be recovered, the Overtons have a GoFundMe page to help cover his living expenses. An amount wasn't specified, but Volma did say that a "considerable amount" was taken.
    Hamilton hopes upgrades will give Mercedes an edge in title fight

    Hamilton hopes upgrades will give Mercedes an edge in title fight

    Mercedes had brought their new, upgraded engine to France, one race later than Ferrari had introduced their power unit in Canada. Vettel had to settle for third on the grid for tomorrow's race, 0.344s off the time which earned Valtteri Bottas pole position.
  • A red OnePlus 6 is definitely coming on July 2

    A red OnePlus 6 is definitely coming on July 2

    OnePlus has been busy, releasing a new color of its latest handset , the OnePlus 6 , on a monthly basis so far. Now, the company might launch another color option for the smartphone, if our hunch is correct.
    Apple's effort to fix Maps is over four years in the making

    Apple's effort to fix Maps is over four years in the making

    For instance, they can manually move the location of an address on the map to match up to a building's real entrance or driveway. But moving forward, Apple wants to own, and be in control of, all of its map data, hence the interest in first-party data.
    Sebastian Vettel claims collision was hard to avoid

    Sebastian Vettel claims collision was hard to avoid

    I want to watch them training and taking the sport very seriously as a career. "There is more time they can give them". Team boss Toto Wolff added: "It was a misjudgement from Sebastian in my opinion because he ruined his race as well".