Thursday, October 13, 2022

Saudi Arabia Foreign Ministry Claims The Biden Administration Threatened The Kingdom to Cut Oil Prices Until After The Midterm Elections

The Guardian: Saudi Arabia claims US requested one-month delay to oil production cut  

Alleged move by Biden administration came before mid-term elections in which petrol prices are key issue 

Saudi Arabia has claimed it was pressured by the Biden administration to delay by a month a decision to cut oil production, a move that would have reduced the likelihood of an unpopular fuel price rise just before the US mid-term elections.

In its first remarks since the US president warned on Tuesday of consequences over the production cut, the Saudi foreign ministry said it rejected the overture and pressed on with the reduction. Washington has not confirmed it made any such request.  

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Update #1: Saudis say US sought 1 month delay of OPEC+ production cuts (AP)  

Update #2: Saudi Arabia defends OPEC+ production cut, suggests White House wanted delay until after midterms (Market Watch)  

WNU Editor: Wasn't President Trump impeached in 2019 for doing the same thing with Ukraine and Hunter Biden? .... Joe 'pro quo'? Pam Bondi riffs Adam Schiff should 'switch parties' to probe Biden-Saudi oil tiff (FOX News). 

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