BREAKING NEWS

Clinton, Saudi's Abdullah discuss world oil balance

By REUTERS

MARCH 31, 2012 03:25

RIYADH - US Secretary of State Hillary Clinton discussed Saudi Arabia's role in maintaining a stable world oil supply in talks on Friday with Saudi King Abdullah, a US official said.

The United States and Saudi Arabia, the world's top oil exporter, have been strategic allies since the 1940s, but discord over how to respond to Arab popular uprisings strained relations last year.

Although the two states have mended the rift, differences persist on regional policy and how to tackle high oil prices.

The United States and other consumer countries fear Saudi Arabia may cut oil output if they release emergency reserves, neutralizing their effort to cool world energy markets.

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