Business Standard

Trump, Saudi king discuss oil supply


IANS Riyadh
The US President Donald Trump reviewed on Saturday in a phone call with Saudi King Salman bin Abdulaziz Al Saud the oil supply for stability of the market, Saudi Press Agency reported.
The two leaders discussed efforts to maintain supplies to ensure the stability of oil market and the growth of global economy.
Oil supply and prices are common interests of the US and Saudi Arabia.
Media reports said that Saudi Arabia would raise oil outputs in the coming months to deal with the drop in Iranian oil production and might limit outputs next year to balance global supply and demand when the US pumps more quantities of crude.
The two leaders also discussed developments in the region and the world.

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First Published: Sep 30 2018 | 5:32 AM IST

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