Saudi Arabia is extracting record quantities of oil

Saudi Arabia is extracting record quantities of oil

For the past several weeks, Saudi Arabia has been extracting the record quantity of oil in the direction of the United States.

In spite of a ban on Iran's oil sales, Washington was pressurizing Riyadh to increase its oil production so that oil prices did not increase in the international market. News Bloomberg

Under pressure from the United States, Saudi Arabia is already producing 1.25 million barrels of oil a day.

In the beginning of this month, the amount was 1.8 million barrels. In addition, in the beginning of this year, Saudi Arabia used to lift less than 1 million barrels of oil daily.

Oil prices in the international market dropped to a low of $ 58.41 per barrel in the last one year, due to the additional 4 percent of Saudi Arabia's oil production.
However, the oil prices rose to $ 86.74 per barrel in the last four years in the last four years. Crude oil in the world market was sold for $ 60.71 on Monday.

US President Donald Trump is often calling on his tweets to increase oil production to Saudi Arabia and other oil producing countries.