Summary by Ground News
Saudi Arabia’s energy minister held a virtual meeting with his Chinese counterpart to discuss cooperation in the global oil market and on nuclear energy. The meeting comes amid a deep crisis between the U.S. and Saudi Arabia over the Saudi-led OPEC+ decision earlier this month to cut oil production.
Why it matters: The meeting comes amid a deep crisis between the U.S. and Saudi Arabia over the Saudi-led OPEC+ decision earlier this month to cut oil production by 2 million barrels per day starting in November, despite Biden administration requests not to cut output.
- In response to the decision, the Biden administration announced it is re-evaluating its relationship with Saudi Arabia. To read..the rest of the story visit: Axios.com
