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Oil & Gas Technical Compendium

Saudis head to OPEC+ talks reluctant to do Trump's bidding

LONDON and HOUSTON (Bloomberg) Four months ago, Saudi Arabia’s devotion to its decades-old oil partnership with the U.S. was stronger than ever.President Donald Trump was poised to choke off crude exports from the kingdom’s political nemesis, Iran. And the Saudis, shunned by other nations after the murder of journalist Jamal Khashoggi, were readily obliging the White House with record supplies.But the Trump administration stunned Riyadh by softening its crackdown on Iran at the last minute, allowing many customers to continue buying and triggering a crash in oil prices. Since then, the Saudis’ trust in their main political ally has frayed.When the kingdom meets with allied oil producers in the Azeri capital of Baku this weekend, that sense.....

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