The last thing Saudi Arabia wants right now is lower oil prices amid their already subdued output
The last thing Saudi Arabia wants right now is lower oil prices amid their already subdued output: Tyler Richey, Sevens Report Co-Editor, Quoted in MarketWatch on MSN
Crude oil extends losing streak as Trump urges OPEC to lower prices
While Trump is known to enjoy good relations with Saudi Crown Prince Mohammed bin Salman, but “the last thing Saudi Arabia wants right now… is lower oil prices amid their already subdued output, so they would not be likely to roll over and open the spigots without some sort of concessions – whether it be military [or] defense assets… or some other promise of U.S. investment in Saudi Arabia,” according to Tyler Richey, co-editor at Sevens Report Research.
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