State Department Senior Energy Security Advisor Amos Hochstein said in an interview with the newspaper: Finance Times (FT) said the US is confident that Arab countries will not use oil as a weapon. He noted that although oil has been periodically used as a weapon in the history of trade, such cases have not occurred at the moment.
Hochstein emphasized that cooperation between the United States and Gulf oil producing countries, including Saudi Arabia, remains strong. He added that Arab countries understand the US’s stance well and that they can work together even if their views do not always coincide.
Hochstein declined to comment on questions about the extension of OPEC+ oil production cuts and negotiations with Saudi Arabia and other oil producers, but noted the existence of regular contacts on a variety of issues.
financier guess Oil prices this week.
Previously recognizedWhen oil prices fall to $50 per barrel.