In Response to Trump, Saudis Ramp Up Oil Exports Into the U.S. - Bloomberg

In Response to Trump, Saudis Ramp Up Oil Exports Into the U.S. - Bloomberg:

Saudi Arabia has markedly increased oil exports to America, a sign OPEC’s leading producer is responding to pressure from U.S. President Donald Trump to cool down the energy market.

While the export boost started earlier this year, it accelerated over the past three months after Trump repeatedly -- both through private diplomacy and public Twitter harangues -- asked the Saudis to lift production to keep energy prices in check.

Saudi oil shipments into the U.S. reached a four-week average of one million barrels a day last week for the first time since late 2017, according to government data, and are up roughly 250,000 barrels a day since late May.