13-10-2022, 08:10 PM
By JON GAMBRELL
today
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk of a spike in gas prices ahead of the U.S. midterm elections next month.
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The ministry’s statement confirmed a Wall Street Journal article this week that also said the U.S. sought to delay the OPEC+ production cut until just before the midterm elections. The Journal quoted unnamed Saudi officials as describing the move as a political gambit by Biden ahead of the vote.
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On Tuesday, Biden warned of repercussions for Saudi Arabia over the OPEC+ decision.
“There’s going to be some consequences for what they’ve done, with Russia,” Biden said. “I’m not going to get into what I’d consider and what I have in mind. But there will be — there will be consequences.”
https://apnews.com/article/russia-ukrain...3328b55418
today
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk of a spike in gas prices ahead of the U.S. midterm elections next month.
......
The ministry’s statement confirmed a Wall Street Journal article this week that also said the U.S. sought to delay the OPEC+ production cut until just before the midterm elections. The Journal quoted unnamed Saudi officials as describing the move as a political gambit by Biden ahead of the vote.
......
On Tuesday, Biden warned of repercussions for Saudi Arabia over the OPEC+ decision.
“There’s going to be some consequences for what they’ve done, with Russia,” Biden said. “I’m not going to get into what I’d consider and what I have in mind. But there will be — there will be consequences.”
https://apnews.com/article/russia-ukrain...3328b55418