U.S.-Saudi oil alliance idea born at White House, put on back burner for now

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WASHINGTON (Reuters) – Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one of them said came from White House national security advisers.

FILE PHOTO: U.S. President Donald Trump speaks with Saudi Arabia’s Crown Prince Mohammed bin Salman during photo session with other leaders and attendees at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Kevin Lamarque/File Photo

That the concept was even considered at high levels reflects both the depth of the crisis

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