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Joe Biden Threatens Saudi Arabia for Cutting Oil Production Before Midterms
The Biden administration has attempted to get Saudi Arabia and OPEC+ to postpone oil cuts until after the midterm elections, according to a release.
On Tuesday, Joe Biden told CNN’s Jake Tapper that there would be “serious consequences” for Saudi Arabia “for what they’ve done with Russia” – referring to the reduction in oil production announced earlier in the week.
The Kingdom of Saudi Arabia released a statement the next day, saying the Biden administration had tried to postpone their oil production cuts until after the midterm elections.
The fifth paragraph reads, “...the Government of the Kingdom clarified through its continuous consultation with US Administration that all economic analyses indicate that postponing the OPEC+ decision for a month, according to what has been suggested, would have had negative economic consequences.”
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