US President Joe Biden and Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. Royal Court of Saudi Arabia / Handout/Anadolu Company

Quartz: OPEC’s oil cuts power the US to reconsider its foreign plan

 

The US is accusing Saudi Arabia of “aligning with Russia” whilst looking for to restart Venezuelan oil generation. 

OPEC+ announced it’ll slash output by 2 million barrels per working day (bpd) on Wednesday (Oct. 5), the most important lower given that the pandemic commenced in 2020. The White House’s response was swift, calling the conclusion “shortsighted” and accusing the oil cartel of “aligning with Russia.” 

Saudi Arabia, which controls about a single-3rd of OPEC’s oil reserves and is found as a US ally, has not heeded president Joe Biden’s plea in opposition to using this sort of a drastic step. 

3 months back, Biden traveled to the Center Eastern nation to convince the kingdom’s de facto ruler, Crown Prince Mohammed Bin Salman, to pump additional barrels.

 

Read through additional …. 

Update #1: Biden’s new Saudi approach (Axios)
 

Update #2: Democrats Choose on Saudi Arabia, UAE Soon after OPEC+ Cuts Oil Output (Haaretx)

 

WNU Editor: Turning to hostile governments to substitute your oil source from Saudi Arabia is not a very good strategy …. Dems switch to hostile dictators for oil production as gasoline costs tick up, GOP blame ‘war on American energy’ (FOX Information)

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