Saudi king 'might not be there for two weeks' without United States support

04 October, 2018, 05:57 | Author: Roderick Gutierrez
  • US President Donald Trump with Saudi Arabia's King Salman I

Riyadh, which is the world's top oil exporter and the largest OPEC producer, has been criticized by Trump for high petroleum prices. And I love the King ...

Trump added that he had spoken to Saudi Arabia's King Salman on Saturday to make the same point, the AFP news agency reported.

US President Donald Trump said Tuesday night that Saudi Arabia's king "might not be there for two weeks" without US military support, as he sought to pressure the close American ally over rising oil prices. Since the kingdom rebuffed his calls last month for a rapid production increase to offset the impact of sanctions on Iran, the president has amplified his rhetoric. Since the group's September meeting in Algiers, Brent crude has jumped US$6 to about US$85 a barrel, a four-year high.

The call grabbed the attention of oil traders and hedge funds, who are watching closely for any signs that the US might take action against Saudi Arabia or other members of OPEC after Trump used his address at the United Nations General Assembly in NY on September 25 to hammer home those views.

The average cost of a gallon (3.78 litres) of petrol in the U.S. was $3 in May, according to AP.

-Saudi Arabia appears to be bowing again to pressure from Trump.


Sources told Reuters earlier on Wednesday that Russian Federation and Saudi Arabia had informed the United States of their private deal to raise supply before a meeting in Algeria with other producers.

Qatar has denied the allegations. You might not be there for two weeks without us.

"We're meeting every single demand for barrels", Al-Falih said. Time and again, he has urged North Atlantic Treaty Organisation nations to contribute to the overall maintenance of the alliance, which is heavily dependent on United States military and industrial spending.

Despite the harsh words, the Trump administration has had a close relationship with Saudi Arabia, which it views as a bulwark against Iran's ambitions in the region.

He has also pressed other USA allies, such as Japan, South Korea and Germany, to take more of the financial burden of their defence.

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