Trump warned Saudi Arabia from cutting oil production.

President Donald Trump condemned Saudi’s plan to decrease oil output on Monday, strengthening the relationship tensions which became more complex on the U.S. concerns about the murder of journalist Jamal Khashoggi and Yemen conflict.

These try to affect oil production threaten of further escalation between two historical allies, though Trump’s administration keeps calling Saudi Arabia key partner in the confrontation to Iran’s influence in the Middle East.

Although the U.S. President, colliding with the pressure after Republicans’ losses in the mid-term elections, wants to eliminate economic threats including the gasoline price growth. In Tweet series, the President explained the stock market sell-off by the Democrats’ win and called Saudi Arabia and OPEC to keep oil output at the current level.

“I hope that Saudi Arabia and OPEC will not cut oil production. The oil price has to be much lower based on supply!” - he twitted.

Trump published that statement several hours after Saudi Arabia Energy Minister Haled al-Falih said that OPEC and its allies should eliminate oil output increase by a half approximately. That production cut has been agreed earlier this year. The United States expected that the kingdom will compensate oil supply cut from Iran which was related to the sanctions to avoid the price increase.

Saudi Arabia Energy Minister Haled al-Falih
Source: Hamodia.com


According to Al-Falih’s words, Saudi Arabia will cut oil export by 500 thousand barrels per day in December and the kingdom considers lowering the production by 1 million barrels per day starting from 2019 together with its allies for the deal OPEC+.
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