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Ferdinando Riboni
Oct 14, 2022 9:41AM ET
usa will soon do regime change ..
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Saudi Arabia pushed other OPEC nations into oil cut, White House claims
© Reuters.
WASHINGTON (Reuters) -Saudi Arabia pushed other OPEC+ nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of words between the two countries.
"More than one" OPEC member disagreed with Saudi Arabia's push to cut production and felt coerced into the vote, National Security Council spokesman John Kirby (NYSE:KEX) told reporters. He said he was not going to identify the members to let them speak for themselves.
The United States presented Saudi Arabia with an analysis showing there was no market basis to lower oil production before the OPEC+ decision to cut output, Kirby said in an earlier statement on Thursday, pushing against Riyadh's claims the output cut was "purely economic."
The 13-member Organization of the Petroleum Exporting Countries and its allies, which include Russia, lowered their production target by 2 million barrels per day last week, even though world supplies are considered tight. Of those cuts, experts expect an actual production cut of about half that level.
The OPEC+ decision was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday.
"The Saudi foreign ministry can try to spin or deflect, but the facts are simple," Kirby said in a statement, saying that cutting output would "increase Russian revenues and blunt the effectiveness of sanctions" against Moscow after it invaded Ukraine in February.
Kirby said the United States' analysis also showed the cut could have waited until the next OPEC meeting, after the November U.S. midterm elections that will determine whether President Joe Biden's Democratic party will retain control of Congress.
The production cut is the latest sign of deteriorating U.S.-Saudi relations since Biden took office.
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Comments (13)
First Last
Oct 14, 2022 9:41AM ET
We call it elections.
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Sharif Almeida
Oct 14, 2022 7:12AM ET
We miss trump he wud have never let this happen.
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Ken Roth
Oct 14, 2022 7:12AM ET
No he would have given eastern europe to russia and sold us secrets to the chinese
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Andrew Ulferts
Oct 14, 2022 7:12AM ET
gab nea
Oct 14, 2022 6:32AM ET
cut all relations with the Saudis including arms! they are working against our interests! they are anti american! why help them in any way?
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Andrew Ulferts
Oct 14, 2022 6:32AM ET
Why does it matter what THEY do with their oil? We have plenty of our own. Ridiculous. You can’t control everyone.
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Vick Filatow
Oct 14, 2022 6:07AM ET
Exchange the Unrenewable energy sources for computer genetated buble by pressing keyboard button...
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Oct 14, 2022 4:40AM ET
man all the SPR draining to buy votes....for nothing...better legalize MJ and pardon rapists
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Ken Roth
Oct 14, 2022 4:40AM ET
Pardoning rapists seems to be Russias way of getting soldiers. Wagner video of criminals being recruited with amnesty as pay to join the war in Ukranie is everywhere on the internet, you should be carefull who you blame
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Oct 14, 2022 4:39AM ET
big middle finger to creepy Joe.... midterms will be a nightmare for the woke nation
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Ken Roth
Oct 14, 2022 3:34AM ET
US have gotten a large f.... from the saudis. Time to withdraw our troops and military security. They have totally forgotten that we saved them from Iraqi dicator Sadam. Theyb can perhaps hire wagner or putin Troops if there are any left from the Ukraine war, or buy Russian missiles with a 30% accuracy. Maybe it is time for Yemen/Iran to take over Saudi arabia
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Ken Roth
Oct 14, 2022 3:31AM ET
Maybe it is time to withdraw US military security from Saudi Arabia and stop selling weapons to them and leave them to Yemen/Iran. Saudis can ask wagner and Putin to supply troops instead if there are any left from Ukranie war or buy their missiles with 30% accuracy. US is selfsufficient in Oil and no longer depends on the Saudis. They have totally forgotten that we saved them from Sadam Hussein....and what is our payback???....a large finger
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Mystic_Owl
Oct 14, 2022 2:57AM ET
So, if you don't do everything what the US wants right now, you will be automatically supporting Russians. Can you believe these people!
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Brad Albright
Oct 14, 2022 2:57AM ET
Nice straw man.
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First Last
Oct 14, 2022 2:57AM ET
"these people"? You mean Trump & his retrumplicans who also asked the Saudis to increase oil production during his term?
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Bill Powers
Oct 14, 2022 2:57AM ET
whataboutism!
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First Last
Oct 14, 2022 2:57AM ET
Bill Powers Whataboutism is legit in this case. His use of "these people" can imply it's only the current gov't and not the previous gov't. I'll do an anti-whataboutism: The current gov't "presented Saudi Arabia with an analysis showing there was no market basis to lower oil production", and the previous gov't did not bother with facts.
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Mystic_Owl
Oct 14, 2022 2:57AM ET
First Last Its the collective US.
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Alan Rice
Oct 13, 2022 7:24PM ET
Bad Saudis !! (How dare you try to CONSERVE any of Earth' s natural resources !!) We'll git you for that !!
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