Saudi Arabia revealed, and rejected, the US request to postpone by one month (i.e., the time interval left before the mid-term elections) the cut in oil production decided by OPEC Plus. consultations with the US administration that all economic analyzes indicate that the postponement of the OPEC Plus decision by one month, as suggested, would have negative economic consequences”, reads a statement from Itamaraty. from Riyadh.
The Itamaraty then expressed “total repudiation” of US statements according to which the oil production cut decided by OPEC Plus would make “the Kingdom take sides in international conflicts” and would be a “politically motivated decision against the United States of America. “. According to Riyadh, such statements “paint OPEC Plus’ decision out of its purely economic context.” “This decision was taken unanimously by all OPEC Plus member states, the decisions of the OPEC Plus leaders are taken by consensus and are not based on the unilateral decisions of one country. These decisions – continues Riyadh – are based purely on economic considerations that take into account the maintenance of a balance between supply and demand in the oil markets, just as OPEC Plus has always maintained the objective of limiting volatility that does not interest producers and consumers. “.
The note from the Arab nation follows on from the words of Joe Biden, who reiterated once again that he intends to respond to the slap received by Riyadh, one of the ‘oil capitals’ of OPEC + who decided to reduce oil production, a move that was seen as a clear position on Russia’s side in the energy war born out of the conflict in Ukraine. Several prominent Democrats have called on the White House to respond by freezing arms sales and military cooperation.
Source: IL Tempo
Emma Fitzgerald is an accomplished political journalist and author at The Nation View. With a background in political science and international relations, she has a deep understanding of the political landscape and the forces that shape it.
