Wednesday, October 12, 2022

U.S. President Biden Vows 'Consequences' For Saudi Arabia Over Its OPEC Decision To Cut Oil Production

 

NBC: Biden warns there will be 'consequences' for Saudi Arabia after oil production cut 

The president did not specify what action the U.S. might take, but he indicated that Congress would be involved. 

 President Joe Biden warned Tuesday that Saudi Arabia would face "consequences" after OPEC+ last week announced the biggest cut in oil production since the start of the coronavirus pandemic. 

Senior Democrats on Capitol Hill have condemned the decision by Saudi Arabia, the de facto leader of the oil-producing alliance, to reduce the global supply of petroleum. 

Higher oil prices are seen as helping Russia, the world's second-largest oil exporter, finance its war in Ukraine.  

Read more ....  

WNU Editor: It looks like the US Congress is onboard .... Congress eyeing ‘NOPEC’ bill to take on Saudi Arabia (The Hill). 

U.S. President Biden Vows 'Consequences' For Saudi Arabia Over Its OPEC Decision To Cut Oil Production 

Biden vows ‘consequences’ for Saudis after OPEC+ cuts output -- AP 

Biden vows consequences for Saudi Arabia after OPEC+ decision -- Reuters  

Saudi Arabia will face ‘consequences’, says Biden, amid anger at cuts in oil output -- The Guardian  

Biden threatens Saudi Arabia after OPEC+ oil cuts with Russia -- Business Insider  

Biden Vows to Punish Saudis But Struggles to Calibrate Response -- Bloomberg  

Biden "to re-evaluate" U.S.-Saudi relationship after OPEC oil cut -- Axios  

Biden vows 'consequences' for Saudi Arabia over OPEC decision -- RT 

Biden vows ‘consequences’ for Saudi Arabia after oil output cuts -- Al Jazeera

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