Two Saudi officials told The Associated Press the Saudi energy minister informed the Organization of the Petroleum Exporting Countries, or OPEC, of the kingdom’s commitment to the group’s current roadmap of cautious monthly increases. They spoke anonymously because they were not authorized to brief journalists.
Saudi Arabia will not push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels, according to media reports.
This has concerned Washington as gasoline prices rise and tensions with Russia over Ukraine fuel market uncertainty.
The U.S. administration dispatched Brett McGurk, the National Security Council’s Middle East coordinator, and the State Department’s energy envoy, Amos Hochstein, to Riyadh on Feb. 16 to talk about a range of issues – chief among them the ongoing war in Yemen and global energy supplies.
On Feb. 17,…