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Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut

United States
Saudi Crown Prince Mohammed bin Salman fist bumps U.S. President Joe Biden upon his arrival at Al Salman Palace, in Jeddah, Saudi Arabia, July 15, 2022.

KONTAN.CO.ID - CAIRO. Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections, and said on Thursday that Washington's request to delay the cut by a month would have had negative economic consequences.

The White House pushed back against that on Thursday, saying it presented the Saudis with an analysis that showed the cuts could hurt the world economy, and alleging the Saudis pressured other OPEC members on a vote. Officials from both countries are expected to discuss the situation shortly.

The back-and-forth has added to what has already been a frosty period of relations for the two countries, who have had an energy-for-security alliance for decades.

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