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Al Jazeera
Al Jazeera
Business

US in ‘regular contact’ with Saudi Arabia over global oil supplies

United States Oil Saudi Arabia White House Jake Sullivan OPEC Joe Biden Mohammed bin Salman IEA
White House National Security Advisor Jake Sullivan speaks during a press briefing at the White House on Friday [Sarah Silbiger/Reuters]

The United States is “in regular contact at senior levels with Saudi Arabia about ensuring a stable and affordable supply of energy to global markets”, National Security Advisor Jake Sullivan says.

The statement on Friday follows International Energy Agency (IEA) estimates announced that oil output cuts – which Saudi Arabia and Russia extended to the end of 2023 – will result in a substantial market deficit through the fourth quarter this year because of high demand.

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