Senators to press Saudis on oil markets

We urge the Kingdom to assert constructive leadership in stabilizing the world economy by calming economic anxiety in the oil and gas sector at a time when countries around the world are addressing the pandemic.

Quick take: The long-shot effort to prod the Saudis into reconsidering their posture underscores the limits of White House claims of U.S. "energy dominance."

• While the U.S. has become the world's largest crude oil producer, it remains deeply tethered to global markets.
• The price collapse is hitting U.S. producers hard, with a suite of companies already announcing steep cuts in planned spending.

Go deeper: Coronavirus could lead to a wave of defaults for oil companies