OPEC+ member states lined up on Sunday to endorse a steep production cut agreed upon earlier this month following accusations from top Biden administration officials against the Saudi government. But Iraq, the second largest producer in OPEC, said the move was based on economic indicators and done unanimously. “There is complete consensus among OPEC+ countries…
OPEC Members Line Up to Back Oil Production Cut After US Claims Against Saudi Arabia
Democrats Want to Transfer Missile Systems From Saudi Arabia to Ukraine as Punishment
A group of top congressional Democrats is aiming to punish Saudi Arabia after the OPEC+ announcement to cut oil production by taking back U.S. missile systems as well as other missiles and giving them to Ukraine instead. Sen. Chris Murphy (D-Conn.) announced in a statement that “for several years, the U.S. military has deployed Patriot…
Biden Plays the Old Ugly American
Commentary The Left used to accuse imperialist, resource-hungry Yanquis in Washington of cutting selfish deals with illiberal dictatorships in Latin America to grab their natural resources. How odd then that President Joe Biden is now begging the despicable Maduro regime in Venezuela—corrupt, murderous, and anti-American—to produce more of its oil solely to send northward to…
Biden’s Saudi Threats Are Reckless, Dangerous
Commentary In an interview this week with Jake Tapper, President Joe Biden made veiled threats against the Kingdom of Saudi Arabia (KSA) as retaliation for OPEC’s cutback of 2 million barrels of oil per day. “There’s going to be some consequences for what they’ve done with Russia. I’m not going to get into what I’d consider…
Congressman Urges Probe of Claims Biden Admin Officials Asked Saudi Arabia to Delay Oil Cuts
October 14, 2022
admin
Business & MarketsenergyExecutive BranchGold and CommoditiesInternationalJoe BidenMarketsMiddle EastOilOPECPoliticsRepublicansSaudi ArabiaUSUS NewsWhite HouseWorld
0 Comment
Rep. Tom Tiffany (R-Wis.) on Thursday urged House Speaker Nancy Pelosi (D-Calif.) to formally investigate whether Biden administration officials suggested Saudi Arabia delay the decision of a group of key oil-producing countries to cut oil output until after the midterms. Tiffany wrote to Pelosi asking for the Congressional probe after Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan…
White House Confirms Biden Admin Asked Saudis to Postpone Oil Cuts Until 1 Month After Midterms
The Biden administration confirmed Thursday it asked Saudi Arabia to delay an OPEC+ vote to cut oil production until its next meeting, which comes after the 2022 midterms. “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…
Saudi Arabia Rejects White House Criticism of Oil Output Cuts, Says US Asked for Delay Until Midterms
The Saudi Arabian government on Wednesday night rejected White House criticism over a decision by a cartel of key oil-producing countries to cut production of the much-needed resource and confirmed the Biden administration requested it delay until after the U.S. midterm elections. Saudi Foreign Minister Prince Faisal bin Farhan Al Saud also accused the U.S….
Democrats Introduce Bicameral Bill Banning Arms Sales to Saudi Arabia After OPEC+ Decision
Sen. Richard Blumenthal (D-Conn.) and Rep. Ro Khanna (D-Calif.) on Oct. 11 introduced legislation that would ban arms sales to Saudi Arabia for a year. Saudi Arabia, long one of the best allies of the United States in the otherwise turbulent and hostile region, has faced attacks by Democrats recently due to a decision by…
Biden ‘Reevaluating’ Relationship With Saudi Arabia After OPEC+ Cuts Production: White House
President Joe Biden is reevaluating the United States’ relationship with Saudi Arabia in the wake of the OPEC+ cutting production, the White House said on Oct. 11. “I think the president has been very clear that this is a relationship that we need to continue to reevaluate that we need to be willing to revisit,…
Senate Foreign Relations Committee Chair Calls to ‘Freeze’ US-Saudi Cooperation
U.S. Sen. Bob Menendez (D-N.J.), chair of the Senate Foreign Relations Committee, on Monday called for the United States to “immediately freeze” all cooperation with Saudi Arabia after Russia’s air strikes in Ukraine. Menendez cited the kingdom’s decision with the Organization of the Petroleum Exporting Countries, or OPEC+, cartel to cut oil output by 2 million…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`