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Environment & Energy Report

U.S. Lawmakers Urge Saudi Crown Prince to Restore Oil Stability

April 8, 2020, 7:44 PM

Republican lawmakers call on Saudi Crown Prince Mohammed Bin Salman to restore stability to oil markets, according to joint letter on Wednesday.

  • House Republican Whip Steve Scalise and other House representatives express concern about Saudi actions to “artificially distort” global oil market at time when nations are grappling with fall-out from pandemic
  • “The Kingdom, however, can change course, reduce production, and restore balance to a market that has seen the most drastic price drop in years,” letter says
  • “But if the Kingdom fails to act fairly to reverse this manufactured energy crisis, we would encourage any reciprocal responses that the...
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