Saudi Arabia rejects statements critical of OPEC+ oil cut
2022-10-13 09:26:32 source：CNBC
October 12, 2022
Saudi Arabia rejected as "not based on facts" statements criticizing the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections.
The OPEC+ decision was unanimous and 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.
President Joe Biden pledged earlier this week that “there will be consequences” for U.S. relations with Saudi Arabia after OPEC+ said last week it would cut its oil production target by 2 million barrels per day.
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