Saudi Arabia denies cutting production to hurt US
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Saudi Arabia does not use oil as a weapon, said Saudi Minister of State for Foreign Affairs Adel al-Jubeir. He called wrong the idea that Riyadh is cutting production together with OPEC + in order to harm the United States.
“Oil is not a weapon. It’s not a fighter. This is not a tank. You can’t shoot from it. We see oil as a commodity and as an important part of the world economy… The idea that Saudi Arabia is doing this to harm the US or out of political involvement is fundamentally wrong,” the minister said. fox news.
Riyadh claims OPEC+ is cutting oil production as a pre-emptive measure to prevent an energy market crash. According to the minister, Saudi Arabia wants to maintain stability in the oil market for the benefit of producing and purchasing countries.
OPEC+ member states earlier this week agreed to reduce oil production by 2 million barrels per day. This is the biggest reduction since 2020. US President Joe Biden named decision shortsighted, USA cook answer to it.
On the reduction of production – in the material “Kommersant” OPEC+ dried up its sleeves.
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