Obama to discuss oil prices with Saudis

US President Barack Obama said he would discuss oil costs when he meets with Saudi Arabia’s King Abdullah next week and plans to say that big price rises are not in Riyadh’s interests.

“I don’t think it’s in Saudi Arabia’s interests to have a situation in which our economy is dependent — or disrupted constantly — by huge spike in energy prices,” Obama said when asked by a reporter what his message would be during his June 3 visit to Saudi Arabia.

Obama spoke to reporters after a meeting with visiting Palestinian President Mahmoud Abbas.

Obama, who also met with Abdullah in April on the sidelines of the London G20 meeting, said the United States and Saudi Arabia had both a “commercial relationship as well as a strategic relationship.”

Reuters