June 30, 2018 / 1:04 PM / 5 months ago

Trump, Saudi king discuss oil markets, no mention of production plans

U.S. President Donald Trump addresses the 'Face-to-Face With Our Future' event at the White House in Washington, U.S. June 27, 2018. REUTERS/Jonathan Ernst

RIYADH (Reuters) - Saudi King Salman and U.S. President Donald Trump emphasised the need to preserve oil market stability and the efforts of oil-producing countries to compensate for any potential shortage, in a phone call reported by Saudi state media on Saturday.

The statement did not mention any intention by Saudi Arabia, the world’s top oil exporter, to raise production to 2 million barrels per day. Trump said in a tweet he had asked the king for such an increase and the king had agreed,

Reporting By Stephen Kalin, editing by Larry King

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