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10:15 20 July
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Saudi king said will boost oil output if needed: White House


The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2 million barrels per day of spare capacity available, the White House said on Saturday, APA reports quoting Reuters.

 

Trump told King Salman bin Abdulaziz Al Saud that the oil market could with more supply when the men spoke on Friday, the White House said. The Saudi leader said he was ready to raise output if needed, the White House said in a statement.

 

“King Salman affirmed that the Kingdom maintains a two million barrel per day spare capacity, which it will prudently use if and when necessary to ensure market balance,” read the statement.

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