US officials prioritize oil prices and strategic cooperation with Saudi Arabia
The White House is focused on oil prices for American consumers and not barrels after Saudi Arabia announced a deep cut to its crude output. The country's output will drop to 9 million bpd in July from around 10 million bpd in May, the biggest reduction in years, as part of a bid to raise prices. The Biden administration will continue to work with all producers and consumers to ensure energy markets support economic growth and lower prices for American consumers.