Trump says Saudi king agreed to raise oil production up to 2 mln barrels

The statement reported by Saudi media did not mention any intention by Saudi Arabia, the world's top oil exporter, to raise production to 2 million barrels per day. Saudi oil officials did not immediately comment. ADVERTISEMENTIt was not immediately clear at what level of production Trump was referring to or by when. "If this happens, (it) means Trump is asking Saudi Arabia to walk (away) from OPEC," he told Reuters. "Kuwait will raise its oil production from tomorrow to 2.785 million barrels, a daily increase of 85,000 compared to May, based on last week's production cut agreement," Rashidi told Arabic-language daily Al-Rai.

Trump says Saudi Arabia has agreed to increase oil production

President Trump said on Saturday that King Salman of Saudi Arabia has agreed to up its oil production by as much as "2,000,000 barrels" to help bring down prices after instability in Iran and Venezuela. Continue Reading Below"Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference," he tweeted. Saudi Arabia currently produces over 10 million barrels of crude oil a day, according to the Associated Press. Reuters reported earlier this week that Iran has been infuriated by a recent increase by the Saudis to 10.7 million barrels a day, and blamed U.S. interference on the increase. "If they do, it means the State Department is running OPEC."The Trump administration has been pushing Saudi Arabia and other OPEC members to increase production to offset lost Iranian exports and prevent a price hike.

Trump says he will name a Supreme Court nominee on July 9

As it stated in Published on Jun 29, 2018President Trump announced on Friday that he will name a Supreme Court nominee on July 9th. Mr. Trump also said he has a shortlist of five candidates, two of whom are women. CBSN political contributor, Boston Herald columnist, and politics editor for NHJournal.com, Michael Graham, joins CBSN to discuss the latest news from Washington.

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