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Saudi king 'might not be there for two weeks' without U.S. support

Saudi king 'might not be there for two weeks' without U.S. support”

The president did not specify when he made the remarks, but was likely referring to a weekend call with King Salman bin Abdulaziz al-Saud. Would you say they're rich? Mr. Trump asked the cheering crowd. And I love the King ... "Not good. We want them to stop raising prices, we want them to start lowering prices", Trump said. "You have to pay".

Mr. Trump didn't elaborate on when he made the comments to Saud Arabia's 82-year-old monarch.

"Mr Trump is very angry with some countries for not being able to replace the Iranian oil and has expressed this anger in his remarks to the Saudi king and to OPEC for not increasing output", he said.

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Sources told Reuters earlier on Wednesday that Russian Federation and Saudi Arabia had informed the United States of their private deal to raise supply before a meeting in Algeria with other producers. Riyadh has worked to cultivate warm relations with Mr. Trump after having rocky moments with former President Barack Obama.

Trump made Saudi Arabia his first stop on his maiden global trip as president previous year. South Korea and Japan also have the U.S. to thank for stability in the Asian region, according to Trump, who previously demanded increased payments from United States allies to keep American bases in their countries.

Trump has pressured OPEC to lower crude oil prices as the cost recently increased above $80 per for Brent. Since the kingdom rebuffed his calls last month for a rapid production increase to offset the impact of sanctions on Iran, the president has amplified his rhetoric.

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On Wednesday, Saudi oil minister Khalid al-Falih confirmed the increase in supply, telling reporters that Saudi output now stands at 10.7 million barrels per day (mb/d), right around the country's all-time record high. Its record is 10.72 million barrels a day. The price hit $85.45 on Monday, its highest since November 2014. The average price for a gallon of regular gasoline in the U.S.is $2.88, up from $2.55 a year ago, according to AAA.

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".

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