Senior advisor to the head of the U.S. Department of Energy Victoria Coates as the emissary of oil will work in Saudi Arabia to monitor the interests of Washington on the background of the oil market price war.
It will give the White House an “additional presence in the region. Coates has not yet set a start date due to the situation with the coronavirus.
U.S. President Donald Trump during a telephone conversation with the Crown Prince of Saudi Arabia Mohammed bin Salman supported his desire to oust Russia from oil markets. However, he suggested that commodity prices should not fall too much.
Senior officials from the Trump administration claim that representatives of the US Department of Energy are persuading the president to join Riyadh. This will destroy the partnership with Russia and avoid a serious drop in oil prices.
Experts called the fuel crisis the largest in the last 100 years. Oil consumption may drop by 10-25% and the price per barrel may drop to ten dollars.