WASHINGTON – The Biden administration admitted Thursday it had asked Saudi Arabia to delay the OPEC+ vote to cut oil production until the cartel’s next meeting – after the midterm elections.
“We presented Saudi Arabia with analysis to show that there was no market basis to cut production targets, and that they could easily wait for the next OPEC meeting to see how things developed,” National Security Council spokesman John Kirby said in a statement.
The Riyadh-led group of oil producers’ next meeting is scheduled for Dec. 4, according to the OPEC website.
Kirby also alleged that other OPEC member nations “communicated to us privately that they also disagreed with the Saudi decision, but felt coerced to support Saudi’s direction.”
The White House was responding to a Wednesday night statement from the Saudi foreign ministry hitting back at Washington’s accusation that it had taken sides with Russia in Moscow’s war against Ukraine. READ MORE...
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