The current production curb pact calls for participating countries to trim output by 1.8 million barrels a day. "It is expensive", an unnamed Saudi official told The Wall Street Journal.
"Prices to high! He has agreed!" the tweet said, .
The agency reported that the leaders reaffirmed their commitment to maintaining stability of the oil market and the global economic growth.
In a meeting between Russian Federation and OPEC earlier this month, Saudi Arabia and Moscow helped to convince the cartel's members to raise production as countries such as the US, India and China - the major consumers of oil - complain about high prices.
It was not immediately clear what level of production Trump was referring to or by when. In Libya, where a dispute over control of key ports has hindered output, the Arabian Gulf Oil Co. on Saturday halted 220,000 barrels a day of production, according to a person familiar with the outage.
The Organisation of the Petroleum Exporting Countries and other top producers, including Russian Federation, have reduced daily crude output by 1.8 million barrels. Trump previous year chose Saudi Arabia for his first foreign trip. Gen. Mohammed Barkindo (R) and Angola's Governor for OPEC and Chairman of the Board of Governors Estevao Pedro (2nd L) at the 173rd OPEC Conference in Vienna on November 30, 2017.
Enhancing production largely benefits Saudi Arabia as most other member countries are now pumping oil close to its capacity or losing output due to various reasons.
"Iran is in a really awful position right now", said Sara Vakhshouri, head of Washington, D.C. -based consultant SVB Energy International. "This won't be enough to compensate for rising demand and declining output in countries like Iran or Venezuela".
"This will push the system close to the limit", FGE further, emphasized, noting that spare production capacity could fall below 2 million barrels a day - a level previously associated with $100 per barrel prices.
Saudi Arabia may increase its output by up to 1 million gallons of oil a day due to OPEC talks last week - not because of a request by Trump, said Bloomberg. The Trump administration indicated that the White House would look to sanction countries that don't reduce their imports of Iranian crude to "zero" by November. 4. Turkey stood at 9 percent and Italy at 7 percent.
Imports from Iran, which now is India's third largest supplier of oil after Iraq and Saudi Arabia, are likely to come down and will have to be replaced with more purchases from Saudi Arabia and Kuwait, they said, adding imports from Iran after November 4 will be possible only if Iran accepts alternates like rupee payments.