Saudi Arabia on Thursday shot back at the Biden administration for its criticism of OPEC’s decision to reduce oil production and said it “totally rejected” the US characterization of the move.
Biden administration officials have said that Saudi Arabia and other OPEC nations have aligned with Russia by agreeing to cut oil production by 2 million barrels per day, but the Saudis reject that notion and say the move was not political.
“These outcomes are based purely on economic considerations that take into account maintaining balance of supply and demand in the oil markets, as well as aim to limit volatility that does not serve the interests of consumers and producers, as has been always the case within OPEC+,” the Saudi Foreign Ministry said in a statement.
The statement said that in consultations on the issue, the Biden administration suggested postponing the reduction in oil production by one month, which could have delayed the rise in gas prices until after the US midterm elections. The Saudi statement said that the delay would have had “negative economic consequences.”
The White House responded to Riyadh’s statement, again accusing the Saudis of helping Russia and warning the US will reassess its relationship with the Kingdom. “We are re-evaluating our relationship with Saudi Arabia in light of these actions, and will continue to look for signs about where they stand in combating Russian aggression,” National Security Council spokesman John Kirby said.
Many Democrats in Congress are calling for a fundamental change to the relationship with the Saudis after the OPEC decisions, including a halt to US military support for Riyadh. Sen. Bob Menendez (D-NJ), the head of the Senate Foreign Relations Committee, has called for a complete “freeze” of US-Saudi cooperation, including “any arms sales and security cooperation beyond what is absolutely necessary to defend US personnel and interests.”
The spat with the Saudis comes after the ceasefire in Yemen expired. So far, there have been no reports of Saudi airstrikes in the country since the truce ended. Riyadh’s military operations in Yemen are almost entirely reliant on US support, and there are currently War Powers resolutions in both the House and the Senate.
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The UN estimates that the US-backed war on Yemen and the conditions it has caused have killed at least 377,000 people, more than half of which are children under the age of five. The US-backed coalition regularly bombed civilian targets in Yemen, and civilian casualties spiked earlier this year right before the ceasefire was reached in March.
If one thing I’ve learned over the years. U.S. will kiss the MBS’s ring to ensure the petrodollar keeps on ticking. A Chinese backed petro currency is becoming more desirable by the minute.
I’m all for distributing power all over the place. We’ve squandered any hope of being looked up to in our management of power.
I am all for screwing the Saudis, time to pull on their chain, stop maintaining their fancy weapons. Make nice with Iran, make nice with Venezuela, encourage domestic drilling.
That is, I suppose, “till after the election”, eh?
After Biden groveled to and fist bumped the bone-saw wielding crown prince, all we got is them cutting oil production along with Russia. How nice…
If our sanctimonious preaching about human rights mean anything, the first country that should be sanctioned should be SA…but instead, we grovel to them and sell them more weapons to murder people in Yemen….
I prefer presidents who aren’t so obvious in their groveling. I really can’t imagine what went through the prince’s head when he received the friendly fist bump not long after being called a murderer by the same crowd, can you?
As for myself, I thought Biden’s gesture – in fact the entire trip – was clumsy and stupid.
How spectacularly corrupt to ask for a break so you can win elections. And think, hey it’s okay if you screw the public after.
Reminds me of a conversation some president or other had with the president of Ukraine…
No side corners the market on corruption.
Got to hand it to MBS. F*cked Biden real good, then basically said “what are you going to do about it?”