Monday, 2 July 2018

Trump’s tweet for oil and Saudi Arabia’s OPEC diplomacy | Arab News

Trump’s tweet for oil and Saudi Arabia’s OPEC diplomacy | Arab News:

Once again the US President Donald Trump’s penchant for policy-making by Twitter has raised questions regarding clarity. The president tweeted on Saturday about a phone call with King Salman of Saudi Arabia, in which Trump had asked the king to pump an extra 2 million barrels of oil per day because the price of crude was “to (sic) high.” Guess what? “He agreed!” Trump exclaimed. That was not exactly how the Kingdom — nor the White House — recalled the conversation, and the White House later concurred with the view from Riyadh. “King Salman affirmed that the Kingdom maintains a 2 million barrel per day (bpd) spare capacity, which it will prudently use if and when necessary to ensure market balance,” a later statement said.

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