WASHINGTON, D.C.: President Joe Biden said on Tuesday there will be 'consequences' for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic...
WASHINGTON, D.C.: President Joe Biden said on Tuesday there will be 'consequences' for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis.
The production cut also hurts US-led efforts to make the war financially unsustainable for Russia, threatens a global economy already destabilized by the Ukraine conflict and risks saddling Biden and Democrats with newly rising gasoline prices just ahead of the US midterm elections.Saudi Foreign Minister Faisal bin Farhan Al Saud told Saudi-owed Al Arabiya on Tuesday that his government's justification of the production cuts was 'purely economic.
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