U.S. senators hold call with #Saudi officials urging them to put oil cut in motion - Reuters

U.S. senators hold call with Saudi officials urging them to put oil cut in motion - Reuters:

Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.

Saudi Arabia and Russia were close to finalizing a deal with other producers in the informal OPEC+ group to cut crude output by a record 10 million barrels per day (bpd), or about 10% of global output.

Oil prices had fallen to 18-year lows as the coronavirus outbreak closed down economies across the world and after Saudi Arabia and Russia had boosted output in a race for market share.

The call was led by Senators Dan Sullivan and Kevin Cramer, members of the Senate Armed Services Committee, who introduced legislation in March to remove U.S. troops, Patriot missiles and THAAD defense systems from Saudi Arabia unless it cut output.