Trump Quietly Asks Saudis To Increase Oil Production

The Trump administration has asked an international oil cartel to increase oil production by roughly 1 million barrels a day, Bloomberg reports.

The federal government reached out to Saudi Arabia and several other members of the Organization of Petroleum Exporting Countries (OPEC) after gas prices spiked and the U.S. President Donald Trump blamed the oil cartel for high fuel prices in a tweet April 20.

Several OPEC officials discussed raising production at a meeting over the weekend, agreeing to “ensure stable oil supplies are made available in a timely manner to meet growing demand and offset declines in some parts of the world,” according to Bloomberg.

 

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