U.S. President Joe Biden visited Saudi Arabia last July hoping to convince Saudi King Salman and Crown Prince Mohammad bin Salman to do what they can to reassure markets and stabilize fuel prices. He also urged them to reduce cooperation with China, the dominant economic partner in the region. The Saudis apparently were not convinced. […]
Saudi Oil Policy: Between Retribution and Market Pricing
Riyadh is pulling away from Washington but still needs oil to fund its budget.
