U.S. says OPEC+ cuts come at inopportune moment
[ad_1]
OPEC+’s decision to cut oil production will increase global inflationary pressures, said Barbara Leaf, assistant secretary of state for the Middle East. In her opinion, this decision was made at the “most inopportune moment.”
During a visit to Kuwait, Ms Liv told reporters that the implications of the OPEC+ decision would be “widespread”. “All of us in the world are recovering from the economic consequences of the pandemic, and the economic consequences of Putin’s war have further shaken the economy,” she said (quoted from Bloomberg).
Barbara Leaf said US President Joe Biden would take a “methodical” approach to Saudi Arabia. “No one suggested escalation (relations with Riyadh.— “b”),” the Assistant Secretary of State assured.
On October 5, OPEC+ countries agreed to cut oil production by 2 million barrels per day from November. In Saudi Arabia assurethat this decision is “purely economic”. White House accused Riyadh in coordinating energy policy with Moscow and promised prepare responses. According to Reuters, the US administration may announce on the restriction of oil exports.
On the reduction of oil production – in the publication “Kommersant” OPEC+ dried up its sleeves.
[ad_2]
Source link
