June 30, 2018 / 12:59 PM / 6 months ago

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

FILE PHOTO: U.S. President Donald Trump delivers remarks at an event marking the 6-month anniversary of the package of changes to the tax code he signed into law, at the White House in Washington, U.S. June 29, 2018. REUTERS/Jonathan Ernst

RIYADH (Reuters) - Saudi King Salman and U.S. President Donald Trump emphasized 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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