US oil state senators to talk crude markets with Saudi officials Saturday, says source | Malay Mail

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WASHINGTON, April 8 ― Republican US senators who have introduced a Bill that would remove US defence systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said yesterday. Senators Kevin Cramer...

Wednesday, 08 Apr 2020 09:28 AM MYT

Senators Kevin Cramer and Dan Sullivan will hold a call with the officials two days after a scheduled Opec+ meeting in which Saudi Arabia and Russia are expected to agree an output cut. The two countries have been pumping oil flat out beginning last month in a race for market share. Analysts at ClearView Energy Partners said in a note to clients that the senators would likely reiterate their threats to withhold military support.

In addition, the US Congress is not in session until at least April 20 and possibly longer due to the coronavirus outbreak, making quick action on the Bill unlikely.

 

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