The oil cartel OPEC and its partners, including Russia, curtailed their output last week but Saudi Arabia is dismissing.
As unfounded claims that this was done to harm the United States.
The monarchy received criticism from the US for maintaining that the production cut last week was driven by economics rather than politics.
The decision to reduce output by two million barrels per day starting in November enraged the White House.
President Joe Biden threatened Saudi Arabia, the largest producer in OPEC, with “consequences.”
The Saudi foreign ministry stated in a statement on Thursday that Saudi Arabia has “viewed the assertions.
Which have portrayed the decision as the kingdom taking sides in international crises. Except the fact that it was politically motivate against the US.
The OPEC+ decision was “portrayed out of its economic context,” it was stated.
Saudi Arabia want to convey its unequivocal rejection of these assertions that are not found on reality.
The country reiterated that OPEC and its partners, referred to as OPEC+, made decisions “purely on economic grounds” and that its economic advice had been to fight efforts to postpone the output reduction.
‘Everyone’s interests’
According to all economic studies, delaying the OPEC+ decision for a month “would have had detrimental economic implications,” the ministry stated.”The kingdom’s government clarified in ongoing discussions with the US administration,”
“Establishing a non-politicized constructive discourse and carefully and logically taking into account. What serves the interests of all countries are necessary for resolving economic difficulties.”
Saudi Arabia insisted that it had maintained a “principled posture” in favor of international law and denied.
It was taking a side in the dispute over Russia’s invasion of the Western-backed Ukraine.
In response to the Saudi statement, the US criticized Saudi Arabia for maintaining.
The production decrease last week was driven by economic rather than political considerations.
The facts are straightforward, notwithstanding any spin or deflection attempts by the Saudi foreign ministry. In response to Russian aggression, the whole world is uniting behind Ukraine.
According to a statement from John Kirby, spokesperson for the White House National Security Council.
Kirby claims that Saudi Arabia pressured the other OPEC+ countries to decrease their supply last week.
OPEC member opposed Saudi Arabia’s
According to Kirby, “more than one” OPEC member opposed Saudi Arabia’s drive to reduce output and felt pressured into the decision. He declared he wouldn’t name the participants so they could speak for themselves.
After the US midterm elections in November, which will determine whether Vice President Biden’s Democratic party keeps control of Congress, the United States could have delayed the cut until the following OPEC conference, according to Kirby.
Since Biden assumed office, the output decrease is the most recent indicator of worsening US-Saudi ties
Due to the fact that it “enables him to continue funding his war-making machine” and “definitely gives him,, Mr. Putin, I feel at ease here,” Kirby asserted that the action “certainly” amounts to financial assistance for Vladimir Putin, the president of Russia.
According to US Secretary of State Antony Blinken, the country is presently considering how the OPEC+ decision may affect its relations with Saudi Arabia.
“We find that to be both extremely disappointing and short-sighted. And as the president has made very clear, that choice has to have implications, which we are currently assessing, Blinken told reporters.
