Saudi Arabia would not last 2 weeks without US

Saudi Arabia would not last 2 weeks without US

US crude inventories rose by 907,000 barrels in the week to September 28, to 400.9 million barrels, the American Petroleum Institute said Tuesday, ahead of Wednesday's official supply report from the US Energy Information Administration due at 1430 GMT.

Speaking at the United Nations General Assembly in NY last month, Trump said OPEC members were "as usual ripping off the rest of the world".

Trump made the remarks about the close USA ally during a campaign rally in MS on Tuesday, drawing applause from supporters.

However, the downside of keeping the strategy secret is that if the oil market doesn't know about it, or the fact that Saudi Arabia and Russian Federation chose to ramp up production, then the effect on prices is muted.

While Trump failed to mention when the undiplomatic remarks were made to King Salman, it is known that the two leaders held a phone conversation on Saturday to discuss global oil supplies.

Trump has yet to demand payment for keeping USA troops in the oil-rich region, but the U.S. president did urge them to lower oil prices in return for security last week.

Mourinho is losing the dressing room as Man Utd hammered and humiliated
West Ham beat Mourinho's side 3-1 yesterday, which followed up on the club's EFL Cup exit to Derby County during the midweek. As players we weren't good enough". "I can have complaints with quality and mental approach", Mourinho said.

Saudi Arabia's King Salman bin Abdulaziz Al Saud welcomes U.S. President Donald Trump during a reception ceremony in Riyadh, Saudi Arabia, May 20, 2017. At a rally in MS on Tuesday, he said the Middle Eastern country wouldn't last two weeks without US military protection. You have to pay for your military, ' Trump said.

The country's record high oil output remains the 10.72m barrels per day it produced in November 2016.

Saudi Arabia plays a critical role in the oil cartel.

Oil prices have risen in recent weeks ahead of USA sanctions on Iran - set to be imposed early next month.

He further added, "we defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices". A barrel of oil now costs about $75, continuing a steady increase over the past year.

While the United States does not have any military bases in Saudi Arabia, neighboring Qatar hosts a large American contingent at Al Udeid Airbase. "But we don't get what we should be getting", he said at a rally in West Virginia.

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