Saudi Arabia pumps record amount of oil as Trump piles on pressure

Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US President Donald Trump piled pressure on the kingdom to refrain from production cuts at an OPEC meeting next week.

The meeting, at which OPEC members will consider how to arrest a decline in oil prices, comes days after leaders of top global oil producers - Russian President Vladimir Putin, Saudi Crown Prince Mohammed bin Salman and Trump - travel to Argentina for a G20 summit this week. Saudi Arabia agreed to raise supply.....

This article is no longer available in our repository.

There could be multiple reasons for this.