Saudi Arabia is pushing back after the Biden administration threatened to retaliate for last week’s major oil-production cut by Saudi-led OPEC and its Russia-led allies
RIYADH—The White House exchanged rebukes with Saudi Arabia on Thursday after the Biden administration threatened to retaliate for last week’s
, and reiterated that the output-cut decision taken by the 23-member group collectively known as OPEC+ was motivated purely by economic considerations. . “In recent weeks, the Saudis conveyed to us—privately and publicly—their intention to reduce oil production, which they knew would increase Russian revenues and blunt the effectiveness of sanctions,” said John Kirby, the spokesman for the National Security Council.
U.S. and regional officials have said that the United Arab Emirates, Kuwait, Iraq and Bahrain privately opposed the production cut but ultimately went ahead with the decision to preserve unity within the alliance. The Saudi statement said the outcomes of the OPEC+ meeting were based on consensus among member states and not the unilateral decision of one country.
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