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

Rising oil charges and fears of a Russian invasion of Ukraine have produced a problem for Saudi Arabia: Assist the West by pumping far more crude to tame the current market, or stand by a five-year-previous oil alliance that is helping Moscow at the price of Washington.

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