Thursday, October 13, 2022

Saudi Arabia Defends OPEC+ Oil Production Cut Decision After President Biden's Threats

 

OilPrice.com: Saudi Arabia Expresses Its “Total Rejection” Of U.S. Statements About OPEC+ 

* President Biden, as well as other White House officials and Senators, have made it clear in recent days that Saudi Arabia will face consequences for the OPEC+ cut. 

* Saudi Arabia says that it totally rejects these statements that suggest the OPEC+ cut was anything but an economic decision. 

* The Kingdom emphasized that the OPEC+ cut was unanimously decided up by members and was based on purely economic considerations. 

A day after President Biden threatened “there will be consequences” for OPEC+’s decision to reduce its production target by 2 million bpd, Saudi Arabia came out with a statement that expressed “its total rejection” of Biden’s and other statements from Washington with regard to the decision. 

“The Government of the Kingdom of Saudi Arabia would first like to express its total rejection of these statements that are not based on facts, and which are based on portraying the OPEC+ decision out of its purely economic context. 

This decision was taken unanimously by all member states of the OPEC+ group,” the statement, from the Foreign Ministry, said.  

Read more ....  

WNU Editor: The U.S. - Saudi alliance/relationship that has been a given for the past few decades is definitely breaking down. 

Saudi Arabia Defends OPEC+ Oil Production Cut Decision After President Biden's Threats  

Saudi Arabia dismisses US criticism of oil production cut -- The Hill 

Saudi Arabia says OPEC+ oil cut 'purely economic' -- Reuters  

Saudi Arabia Rejects US Criticism of OPEC+ Quota Cut Decision -- Bloomberg  

Top Saudi official says it's BIDEN'S fault US gas prices are high, because president hasn't increased domestic oil production -- Daily Mail  

Saudi Arabian minister of state blames high US gas prices on lack of American refinery production -- FOX News  

Saudis aren’t weaponizing oil like Americans claim, top official says -- CNN

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