True at the moment.
The US crude production is increasing while Saudi leads OPEC+, including Russia, are cutting production right now. That is why crude prices have plummeted recently
The US produces ~13M bpd; Canada:~6 M bpd.
The US consumes ~20 M bpd. ( production of US + Canada basically meet the need)
Saudi can produce ~13 M bpd but only produces ~9 M bpd now because cutiing.
Saudi consumes `~3 M bpd. ( ~75% crude oil produced exports, same as other OPEC+ nations)
Saudi and OPEC+ are major crude oil export countries. Saudi has done twice with crude oil flooding into the market and oil prices dropped from $120 to $40-50 per barrel in 2014 and $-30 per barrel in 2020. The US is not able to do the same.
Putin is visiting Saudi and the UAE now.
The US has ~200 m barrels of SPR that need to be replenished. It is tough for Putin and Saudi to either cut or flood it.