According to Bloomberg, Saudi state media have confirmed a phone call between Trump and King Salman took place, but have not confirmed any agreement on production increases.
"Prices to [sic] high!"
A little over an hour later, the state-run Saudi Press Agency reported on the call, but offered few details. It added there also was an understanding that oil-producing countries would need "to compensate for any potential shortage of supplies". It did not elaborate. The US president says King Salman agreed, although that claim remains unconfirmed by Riyadh.
The Trump administration is pushing countries to cut all imports of Iranian oil from November when the U.S. re-imposes sanctions against Tehran, after Trump withdrew from a 2015 nuclear deal agreed between Iran and six major powers.
However, the U.S. Energy Information Administration estimated that OPEC crude production only decreased from 32.7 million barrels per day in 2016 to 32.5 million in 2017, a drop of less than one per cent.
"We are in a very attractive oil price environment and our house view is that oil will hit $90 by the end of the second quarter of next year", Hootan Yazhari, head of frontier markets equity research at Bank of America Merrill Lynch told CNBC.
Other analysts were more doubtful about immediate effects.
Saudis are used to USA requests for oil. They're not used to this kind of public messaging.
Trump falls for prank call aboard Air Force One
The audio clip features the Republican firebrand speaking with a comedian who was posing as Bob Menendez . Trump says he has a "big list of people" and that a decision will be made over the next few weeks.
"In response to the president's assessment of a deficit in the oil market, King Salman affirmed that the kingdom maintains a two million barrel per day spare capacity, which it will prudently use if and when necessary to ensure market balance and stability, and in coordination with its producer partners, to respond to any eventuality". He also noted it always takes at least two months before a change in shipping commitments affects the market.
USA officials are pressing allies in Europe, Asia and the Middle East, including Saudi Arabia, to adhere to the sanctions, which are aimed at pressuring Iran to negotiate a follow-up agreement to halt its nuclear programmes.
Iran had been pushing hard for oil producers to hold output steady as USA sanctions are expected to hit its exports.
Trump's comments came Saturday as global financial markets were closed.
Trump was not specific on whether the additional 2 million barrels was a per-day figure - but worldwide daily demand is nearing 100 million bpd. It produces around 10 million barrels of crude per day, according to OPEC.
"I think it will contribute significantly to meet the extra demand that we see coming in the second half", Saudi Energy Minister Khalid al-Faleh told reporters at the time.
"Saudi Arabia obviously can deliver as much as the market would need, but we're going to be respectful of the one-million-barrel cap - and at the same time be respectful of allocating some of that to countries that deliver it", al-Falih said then.
Iran's OPEC governor, Hossein Kazempour Ardebili, accused the United States and Saudi Arabia of trying to push up oil prices and said both countries are acting against the foundation of OPEC. South Korea accounted for 14 per cent of Iran's oil exports a year ago, according to the U.S. Energy Department.
Last month, he won the Giro d'Italia, making him just the third man ever to hold all three Grand Tour titles at the same time. Neither Team Sky nor ASO have commented on the move to block his participation in this year's Tour.
Coast Guard said in a news release it provided assistance, transporting four American citizens to Florida after the explosion. Several people from a neighboring boat jumped into the shallow waters to help, pulling one person to safety, WPLG reported.
Earlier that afternoon, police had attended a home on Grassdale St, Buccan, as part of inquiries into the teenager's whereabouts. Police say Sikorsky and Larissa were "associated" and news reports suggest Sikorsky is expected to be charged with the murder.
More than 2,500 undocumented children were separated from their parents in the weeks since the zero-tolerance policy took effect. Rallies were to take place in 750 cities big and small all over the country, Galland said.
According to the reports, about 45 passengers were travelling in the mini bus which was headed for Ramnagar from Bhoan. That same month, at least 21 wedding revellers were killed when their truck flew off a bridge in Madhya Pradesh state.
Most people who weigh in on the debate are football fans, whether it's a hardcore or more fleeting interest in the handsome game. Portuguese President Marcelo Rebelo de Sousa was visiting the White House when the handshake moment was spotted.
The gunmen then removed Faid from the visiting room, where he had been talking with his brother, and fled in the helicopter. A notorious gangster, who was once France's most-wanted man, has escaped prison by helicopter, French authorities say.
He added: "The store support centre had served both Homebase and Bunnings brands prior to Wesfarmers's sale of the business". The restructuring would come on top of a store closure programme that the retailer has been carrying out since February.
The government says lower payroll taxes starting from October and falling unemployment will eventually boost purchasing power. Higher inflation is often a sign of a strengthening economy, but the rise in energy costs is expected to hurt the region.
If Stokes is deemed fully fit for Durham, he could also play in the third global Twenty20 against India on July 8. He was also not picked for the three-match T20 global against India in order to give him full time to recuperate.
Many Americans not Getting Enough Exercise
One possibility: Many adults exercise to manage stress, and the last two years have seen increasing political and social turmoil. She said that although the target goals are met, this should inspire us to more forward and improve on them.
Enbridge shares jump on heels of Line 3 advancement
The PUC placed several conditions on the pipeline's approval to get more financial and environmental assurances from Enbridge. And he said once that's resolved the company can seek local and federal permits it needs to begin laying pipe.
Rebel-held towns in southwestern Syria surrender
The entire southwest is part of a "de-escalation zone" agreed a year ago by Russian Federation , the United States and Jordan . In its statement the military said Israel was holding to its non-intervention policy.
Cincinnati 5-star OT Paris Johnson Jr
Ohio State has landed its second commitment for the 2020 class, and it's another big one with roots in Texas . Paris Johnson, a five-star recruit offensive tackle recruit, announced that he has committed to Ohio State.
Egypt's Salah greets fans who turned up at his doorstep
First, Salah had to watch his Liverpool squad fall in the Champions League final without him after suffering a shoulder injury . And the 26-year-old made a decision to meet and greet his adoring fans, even signing autographs for them.
Mexican fans thank South Korea for progressing in World Cup
Son Heung-min made it 2-0 three minutes later. "We're going to do everything in our power to get a result that we need". Clearly they didn't work. "At no stage in the whole tournament did I really feel like it was a final for us", he said.
Trevor Ariza agrees to 1-year, $15M deal with Suns
Ariza has spent 14 years in the National Basketball Association and won a championship with the Lakers in 2008-09. Ariza made $7.8 million this past season with Houston , and is now almost doubling that total by joining Phoenix.