Saturday, 15 December, 2018

I told Saudi king he wouldn't last two weeks without USA support

US President Donald Trump speaks during a Oil prices dip on rising US supply, but Iran sanctions still loom
Andrew Cummings | 04 October, 2018, 05:59

In addition to lowering oil prices, Trump has called on close US allies to shoulder more of the cost of defense spending, but Tuesday warning marked the most serious criticism of Riyadh. And I love the King ...

President Donald Trump made an undiplomatic remark about close ally Saudi Arabia on Tuesday, saying he warned Saudi Arabia's King Salman he would not last in power "for two weeks" without the backing of the USA military.

Saudi Crown Prince Mohammed bin Salman traveled to Kuwait last weekend to speak with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah, reportedly about increasing oil production.

Benchmark Brent crude oil is near $85 a barrel - a four-year high - and analysts say it could reach $100.

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.

Trump criticized oil producers in his speech before the U.N. General Assembly last week.

Saudi energy minister Khalid al-Falih said the country had raised output to 10.7m barrels per day in October and announced a further production hike in November.

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Trump waved his finger at CNN reporter Kaitlan Collins, yelling, "Don't do that!" " You never do ", the president muttered. Trump stopped her, saying he would talk about the subject later but first wanted to answer questions about trade.

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Therefore, the French coach phoned Mourinho. who was left even more anxious about his Old Trafford future. Manchester United fought off competition from neighbours Manchester City to land Sanchez back in January.

Saudi Arabia's oil output has reached record highs - and the country could further boost production next month as USA sanctions on Iran edge closer.

But despite the Trump's comment, his administration has kept a close relationship with the Saudi kingdom.

Qatar has denied the allegations. I said, king, you have got trillions of dollars.

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

-Al-Falih is trying to strike a delicate balance between appeasing Trump and not oversupplying the market just as the global economy shows signs of weakness due to the emerging markets crisis and U.S.

He further added, "we defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices". Time and again, he has urged North Atlantic Treaty Organisation nations to contribute to the overall maintenance of the alliance, which is heavily dependent on U.S. military and industrial spending.

Trump has also pressed other United States allies, such as Japan, South Korea and Germany, to take more of the financial burden of their defence.

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