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Highlights
America said – last week’s decisions of OPEC Plus were in favor of Russia.
These decisions were against the interests of the American people and families around the world.
This decision hurts countries with low-income economies.
Washington. The US has said that the decision of the Organization of the Petroleum Exporting Countries (OPEC) and its allies to cut oil production is a mistake, which has benefited the Russian government. White House Press Secretary Carine Jean-Pierre said in a daily news conference on Tuesday that “the decisions OPEC Plus took last week, we believe, were in favor of the Russian government and are in favor of the American people and the world.” It was against the interests of the families.
Pierre said in response to a question that ‘we believe that this decision is going to hurt and harm low-income economy countries. This is a misleading decision and it is a mistake and short-sighted decision. The White House press secretary said that President Joe Biden is going to re-evaluate his relationship with Saudi Arabia. He said that ‘from the very beginning of this administration, he has talked about it. Talking about his relations with Saudi Arabia, he wants to settle it with the cooperation of both the parties, as it has been done for the last eight decades.
Russia-Ukraine War: Biden wanted to talk to Saudi-UAE for cheap oil, did not pick up the phone
The press secretary, without sharing further details, said that ‘so he is going to do it in a systematic way, in a strategic way, and he is definitely going to get information from members on both sides’. Significantly, US President Joe Biden wanted the Middle East countries to increase their crude oil production in view of the Ukraine war. America tried a lot to persuade Saudi Arabia for this. But Saudi Arabia and the countries of the Middle East under its leadership put some conditions in front of America. After this, the relationship of America with these big oil producing countries has soured.
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Tags: America, Crude oil, OPEC, Russia
FIRST PUBLISHED : October 19, 2022, 11:40 AM IST
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