Donald Trump says Saudi Arabia’s King Salman has agreed to increase oil production

moncler mens jackets A little over an hour later, the state run Saudi Press Agency acknowledged the call, but offered few details. moncler mens jackets

moncler outlet store the call, the two leaders cheap moncler stressed the need to make efforts to maintain the stability of oil markets and the growth of the global economy, the statement said. moncler outlet moncler outlet store store

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

cheap moncler outlet US President Donald Trump and Saudi Arabia’s King Salman. Mr Trump says that King Salman agreed moncler outlet jackets to his request to ramp up oil production. Picture: AFP PhotoSource:AFP cheap moncler outlet

buy moncler jackets Oil prices have edged higher as the Trump administration has pushed US allies to end all purchases of oil from Iran. buy moncler jackets

cheap moncler jackets Oil prices also have risen with the ongoing unrest in Venezuela, as well as with fighting in Libya over control of that country oil infrastructure. cheap moncler jackets

Saudi Arabia currently produces some 10 million barrels of crude oil a day.

Its all time record is 10.72 million barrels a day.

moncler outlet The unrest in Venezuela has contributed to the rise in petroleum prices but some say it is the US sanctions of foreign oil that have done so. Picture: AP Photo/Fernando LlanoSource:AP moncler outlet

Last week, members of the Organisation of the Petroleum Exporting Countries (OPEC) cartel led by Saudi Arabia agreed to pump 1 million barrels more crude oil per moncler sale outlet day, a move that should cheap moncler coats help contain the recent rise in global energy prices.

cheap moncler However, summer months in the US usually lead to increased demand for oil, pushing up the price of gasoline in a midterm election year. cheap moncler

Mr Trump tweet offered no time frame moncler outlet sale for the additional 2 million barrels whether that meant per day or per month.

monlcer down jackets Ministers from OPEC agreed to raise oil output over a week ago. Picture: AP Photo/Ronald ZakSource:AP monlcer down jackets

moncler outlet online The Trump administration has been counting on Saudi Arabia and other OPEC members to supply enough oil to offset the lost Iranian exports and prevent oil prices from rising cheap moncler jackets sale sharply. moncler outlet online

moncler sale The administration has threatened close allies such as South Korea with sanctions if they don cut off Iranian imports by early November. moncler sale

cheap moncler sale South Korea accounted for 14 per cent of Iran oil exports last year, according to the US Energy Department. cheap Cheap Moncler moncler sale

China is the largest importer of Iranian oil with 24 per cent, followed by India with cheap moncler jackets 18 per cent. Turkey stood at 9 per cent and Italy at 7 per cent.

The State Department has said it moncler outlet expects the majority of countries will comply with the US request.

moncler sale outlet The US has warned that countries must stop buying Iranian oil before November 4 or face renewed economic sanctions. Picture: AFP PhotoSource:AFP moncler sale outlet

Mr Trump announced in May that he would reimpose sanctions on Tehran.

Previously, the administration said only that other countries should make a reduction in imports of Iranian crude to avoid US sanctions.

Mr 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 cheap moncler outlet lower pump prices before midterm congressional elections in November.

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