Arabia responds sharply to Biden’s words on the cut in quotas. Tension skyrocketing with the USA
Saudi Arabia Riyadh
A day after President Biden threatened that "there will be consequences" for OPEC + 's decision to reduce production target by 2 million bpd, Saudi Arabia issued a statement expressing "its total rejection" statements by Biden and other Washington officials regarding decision e.
“ The government of the Kingdom of Saudi Arabia wishes first of all to express its total rejection of these statements which are not based on facts and which are based on withdrawing the decision of OPEC + out of its purely economic context. This decision was taken unanimously by all the member states of the OPEC + group ”, reads the declaration of the Ministry of Foreign Affairs.
The statement comes in response to requests from Democratic members of Congress to punish Saudi Arabia for this decision by suspending US arms sales to the Kingdom, and to President Biden to re-examine all aspects of US-Saudi relations.
"There is a range of interests and values that are involved in our relations with that country," National Security Advisor Jake Sullivan told reporters this week, as reported by CNN.
“ The President will look into all of this. But a question that will arise is the following: Does the nature of the relationship serve the interests and values of the United States and what changes would make it more functional to interests and values ? ”. Saudi Arabia insisted that the OPEC + decision was made by more than one country and on a purely economic basis.
" The Kingdom states that the results of OPEC + meetings are adopted through consensus among member states and are not based on a single country's unilateral decision ." " These results are based on purely economic considerations that take into account the maintenance of the balance of supply and demand in the oil markets and aim to limit the volatility that does not serve the interests of consumers and producers, as has always been the case at 'internal OPEC + “, reads the press release from the Foreign Ministry.
So skyrocketing tension between the Saudi Kingdom and the US democratic administration. I guess a serious Trump touch is needed to iron out the problem …
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The article Arabia responds sharply to Biden's words on the cut in quotas. Tension skyrocketing with the US comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/larabia-risponde-secca-alle-parole-di-biden-sul-taglio-delle-quote-tensione-alle-stelle-con-gli-usa/ on Thu, 13 Oct 2022 14:47:48 +0000.