Saudi Arabia justifies itself to the US for cutting oil production
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Saudi Arabia didn’t want to hurt the US by cutting oil production. This was stated in an interview with Fox News by the Minister of State for Foreign Affairs of the Kingdom, Adel al-Jubeir. “The idea that we did this to harm the United States or receive some political dividend is completely and completely wrong,” the diplomat said.
The politician also drew attention to the fact that high prices for oil products are partly Washington’s fault. According to the minister, the United States has not built oil refineries for decades, and now the States are facing fuel shortages in part for this reason.
Earlier, OPEC countries agreed to cut oil production by 2 million barrels per day from November. The organization motivated this by uncertainty in the global economy and forecasts for the oil market. After the decision was made, the US threatened to retaliate against Saudi Arabia.
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