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. A few weeks ago, proposals for Washington to work
WASHINGTON - 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.
The two other sources said U.S. Secretary of State Mike Pompeo and Energy Secretary Dan Brouillette discussed the alliance idea with President Donald Trump's national security adviser Robert O'Brien, but that nothing was decided. Story continuesBrouillette, who is close to Pompeo, told Bloomberg TV last week an alliance with Riyadh is one of"many, many ideas" being discussed, but that no decisions have been made.
"It's almost like we are on a different planet than we were a month ago," said Daniel Yergin, the vice chairman of IHS Markit, who sometimes advises U.S. officials on energy."It's forcing everybody to rethink what's possible, what's not possible."
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