Biden visited the Kingdom early on in his Administration begging the Saudis to increase production. All he got was a fist bump.
The Saudis and Russians are the world’s two biggest exporters of oil. This sounds like a strategy meeting to increase oil revenue.
They can raise revenue by cutting production
It would have to be a group decision
They are the second and third largest producers after the US.
Xi Jinping poses for photos with European Commission President Ursula von der Leyen and European Council President Charles Michel ..Dec. 7, 2023..Xi was quoted by state media as saying China was pursuing “high-level opening-up” and was “ready to regard the EU as a 'key partner' in economic and trade cooperation,”