The US-Saudi Relationship Is In Danger of Falling Apart
Big Take
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The OPEC Plus Decision to Cut Oil Output Surprises Markets
OPEC made a big announcement on April 2nd. The Saudis were hinting that the production cost they implemented and the past were going to continue, which is why the decision surprised markets when it happened. So not only is Saudi Arabia surprising the United States with some of these cuts, but it's actually doing the opposite of what US officials say it promised to do. "It feels from Washington in a lot of ways like you're seeing a complete breakdown in this relationship," he says.
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