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Chicowski
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https://www.reuters.com/article/us-global-oil-trump-saudi-specialreport-idUSKBN22C1V4 2020
Most direct US influence on $120 oilAs the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi leaders an ultimatum.
The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output.
A senior U.S. official told Reuters that the administration notified Saudi leaders that, without production cuts, “there would be no way to stop the U.S. Congress from imposing restrictions that could lead to a withdrawal of U.S. forces.” The official summed up the argument, made through various diplomatic channels, as telling Saudi leaders: “We are defending your industry while you’re destroying ours.”
Saudis Sign Military Cooperation Agreement With Russia
Saudi Arabia and Russia have signed a military cooperation agreement at an arms expo outside Moscow.
www.rferl.org