As Oil Nears $100, Saudis Snub U.S., Stick to Russian Pact Amid Ukraine Crisis

Growing oil price ranges and fears of a Russian invasion of Ukraine have produced a predicament for Saudi Arabia: Enable the West by pumping a lot more crude to tame the market place, or stand by a five-year-previous oil alliance that is aiding Moscow at the cost of Washington.

For now, the world’s premier crude exporter is sticking with Russia.