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Oil Prices Threaten US-Saudi Relations

Washington loses leverage as Beijing gains clout with Riyadh

By Wesley Oliver, Newser Staff

Posted Jun 8, 2008 6:46 AM CDT

(Newser) – The weakening dollar and rising oil prices are marring more than just the American economy: It’s also eroding the long-standing friendly relationship between the US and Saudi Arabia, the Los Angeles Times reports. A bleak economic outlook has cost the US clout with its... Read full story »

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Oil Prices Threaten US-Saudi Relations

Washington loses leverage as Beijing gains clout with Riyadh

China • Saudi Arabia • Asia • OPEC • United States • oil price • oil production • George W. Bush

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More Newser Stories

'Peak Oil' Looms: Saudi Supply Overstated

Cable argues that kingdom can't pump enough crude to control prices

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July increase adds 200,000 barrels a day to pipeline

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