NUSA DUA, Indonesia: British Prime Minister Rishi Sunak called on Tuesday for efforts to stabilize oil markets in talks with Saudi Arabia's crown prince, who was shunned by US...
NUSA DUA, Indonesia: British Prime Minister Rishi Sunak called on Tuesday for efforts to stabilize oil markets in talks with Saudi Arabia's crown prince, who was shunned by US President Joe Biden over an output cut. The new British prime minister met separately with Crown Prince Mohammed bin Salman, the oil-rich kingdom's effective ruler, as they gathered for the Group of 20 summit on the Indonesian resort island of Bali.
Biden was outraged after the Saudi-led OPEC+ oil cartel decided to cut production by two million barrels a day from November, adding pressure to global prices and potentially boosting revenue for energy exporter Russia, counteracting the US-led campaign to isolate Moscow over its invasion of Ukraine.
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