Saudis Boost Oil Output, Defying Trump’s Plea To End Price War
- Trump has spoken to Putin and MBS in an attempt to end oil war
- Kingdom was loading almost 19 million barrels on a single day
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Saudi Arabia showed no sign of bowing to pressure from U.S. President Donald Trump to dial back its oil-price war with Russia. Instead, the kingdom pushed crude supply to record levels.
Trump said Tuesday night that he’d spoken to both President Vladimir Putin and Crown Prince Mohammed bin Salman in an effort to broker a truce between the world’s two largest oil exporters. While Russia made some conciliatory noises, Saudi Arabia showed nothing but defiance.