U.S.-Saudis Discuss Energy Affordability Before OPEC+ Talks
- Energy Secretary Granholm called her Saudi counterpart
- OPEC+ meets on Thursday to discuss output policy for May
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The U.S. called Saudi Arabia on the eve of an OPEC+ meeting to highlight the importance of “affordable energy,” adding another element of uncertainty into the group’s decision on production cuts.
The cartel is heading into Thursday’s talks with several options up for discussion, including maintaining its existing production cuts or making a modest increase, delegates said. Rhetoric from the cartel’s top official had indicated a cautious approach, focusing on the fragility of demand and the risk of a Covid-19 resurgence.