Saudi Aramco says it will boost production to 12.3 million barrels per day. Russia responded by saying it could boost production by half a million a day, which would put that country’s output to a record 11.8 million barrels per day. Despite the ramp up, reports say both sides are continuing to negotiate. Dr. Nansen Saleri, Quantum Reservoir Impact Chairman and CEO, joins “Squawk Box” to discuss.