Sen. Ted Cruz informed CNBC on Monday he and eight different GOP senators just lately ripped into the Saudi ambassador in a convention name over the oil value struggle with Russia that has threatened to place American producers out of enterprise. 

In a "Squawk Field" interview, Cruz mentioned the decision with Princess Reema bint Bandar bin Sultan bin Abdulaziz Al Saud was "as candid a name, and direct a name, as I've ever had with a overseas chief."

"We fairly frankly unloaded on her," the Texas Republican mentioned.

Oil costs have plummeted as Saudi Arabia and Russia stay locked in a value struggle that started after Russia earlier this month rejected an extra 1.5 million barrels per day manufacturing reduce proposed by OPEC.

U.S. West Texas Intermediate crude briefly dipped beneath $20 on Monday. Brent, the worldwide benchmark, fell to its lowest value in almost 18 years.

Following Russia's rejection, Saudi Arabia slashed its official oil value and introduced that it'll enhance manufacturing to 12.three million barrels per...