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3/25, 4:26 PM (Source: TeleTrader)
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Report: US to urge S. Arabia to end oil price war

The United States intends to push Saudi Arabia to put a brake on its planned oil output boost during the forthcoming G20 videoconference, according to people with knowledge of the matter cited by the Wall Street Journal.

G20 virtual meeting is set to take place on Thursday and world leaders are expected to discuss a coordinated response to the coronavirus pandemic.

Washington will apparently seize this opportunity to launch a discussion about ending the price war between Saudi Arabia and Russia and warn the Kingdom that its economy could also take a hit if the crisis lasts any longer, the people said.

Breaking the News / GG