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In Washington, some members of the Energy Department are urging the Trump administration to push for an oil alliance with Saudi Arabia, which would create a partnership between the world’s two largest oil-producing nations. The move could lead to Saudi Arabia leaving OPEC and would help stabilize the global crude market; which is in a fall from the price war occurring between Saudi Arabia and Russia, and the fall in demand due to coronavirus shutdowns.

US Energy Officials Push for an Energy Alliance with Saudi Arabia

In Washington, some members of the Energy Department are urging the Trump administration to push for an oil alliance with Saudi Arabia, which would create a partnership between the world’s two largest oil-producing nations. The move could lead to Saudi Arabia leaving OPEC and would help stabilize the global crude market; which is in a fall from the price war occurring between Saudi Arabia and Russia, and the fall in demand due to coronavirus shutdowns.

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