Saudi Arabian oil producers plan to increase crude output in November from the current level of 10.7 million barrels per day ( 2015 ) to meet growing demand , according to Khalid al - Falih , the Saudi Arabian oil minister . Falih had previously met with Russian Energy Minister Alexander Novak to discuss lifting sanctions to cool prices , as prices were approaching $ 80 a barrel . Ramzi The move follows US President Donald Trump 's call to OPEC to increase output in order to reduce prices before midterm election in November . Last year , Russia produced a record 11.36 million barrels .
Saudi Arabian oil producers plan to increase crude output in November from the current level of 10.7 million barrels per day ( 2015 ) to meet growing demand , according to Khalid al - Falih , the Saudi Arabian oil minister . Falih had previously met with Russian Energy Minister Alexander Novak to discuss lifting sanctions to cool prices , as prices were approaching $ 80 a barrel . The move follows US President Donald Trump 's call to OPEC to increase output in order to reduce prices before midterm election in November . Last year , Russia produced a record 11.36 million barrels .