Saudis plot energy cooperation with China amid tensions with Biden: ‘We Should be Concerned’

0
301

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.