Energy

US urges Saudi Arabia to end Russia feud

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US Secretary of State Mike Pompeo (C-L) meets with Saudi Arabia’s Crown Prince Mohammed bin Salman (C-R) at Irqah Palace in the capital Riyadh on February 20, 2020.

ANDREW CABALLERO-REYNOLDS | POOL | AFP via Getty Images

The U.S. has called on OPEC kingpin Saudi Arabia to put a stop to its ongoing oil price war with non-OPEC leader Russia.

In a statement released by the U.S. State Department Wednesday, a spokesperson confirmed that Secretary Mike Pompeo had spoken with Saudi Crown Prince Mohammed bin Salman on Tuesday.

“Secretary Pompeo and the Crown Prince focused on the need to maintain stability in global energy markets amid the worldwide response,” the statement said.

“The Secretary…



Source cnbc.com

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