U.S., Saudi Arabia spar over decision to cut oil production
Washington Post: U.S., Saudi Arabia spar over decision to cut oil production
Saudi Arabia “coerced” smaller oil-producing members of OPEC to agree to production cuts that the Saudis knew would “increase Russian revenues and blunt the effectiveness of sanctions” designed to combat Russia’s aggression in Ukraine, the Biden administration said Thursday.
“We presented Saudi Arabia with analysis to show there was no market basis to cut production targets, and that they could easily wait for the next OPEC meeting to see how things developed,” National Security Council coordinator John Kirby said in a statement.
The Saudis rejected the appeal for delay. The statement upped the ante in an increasingly acrimonious disagreement between the United States and its putative close partner in the Persian Gulf.
The administration has been pressing Saudi Arabia to produce more oil to compensate for the global shortage and price increases caused by the Ukraine war.
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WNU Editor: Wow!!! We are seeing the decoupling of the U.S. and Saudi alliance live and in public.
What is really damning is the US wanted oil prices to be low until after the US midterm election. An open admission that there is no long term plan to defend Americans from high energy prices.
US And Saudi Arabia Clash In Public Over Oil Production Cuts
US and S. Arabia clash in public over oil cut, Russia -- RFI
US, Saudi Arabia trade barbs over oil cut, Russia -- AFP
Saudi Arabia, United States clash over reason for OPEC+ oil cut -- Reuters
White House Hits Back Against Saudi Claims That Oil Cuts 'Purely Economic' -- Zero Hedge
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