Relationship between Saudi Arabia and U.S. becomes cold
Saudi Arabia’s decision to reduce its oil supply has played a significant role in firming oil prices globally, and it has been in direct conflict with the wishes of President Joe Biden.
Biden has publicly stated – some even considered it a demand – that oil supplies should increase in an effort to soften prices. He even went to Saudi Arabia, a long-standing friend of the U.S. and a leading oil producing country, last year to make his case for lower oil prices.