Saudi Arabia denies supporting Russia, after U.S. says OPEC+ decision to reduce output by two million barrels a day would boost Russia’s foreign earnings
OPEC+ member states lined up on Sunday to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move.
His comments were backed by ministers of several OPEC+ member states including the United Arab Emirates. Kuwait Petroleum Corporation Chief Executive Officer Nawaf Saud al-Sabah also welcomed the decision by OPEC+ - which includes other major producers, notably Russia - and said the country was keen to maintain a balanced oil markets, state news agency KUNA reported.Algeria’s energy minister called the decision “historic” and he and OPEC Secretary General Haitham Al Ghais, visiting Algeria, expressed their full confidence in it, Algeria’s Ennahar TV reported.
U.S. National Security Council spokesman John Kirby said on Thursday that “more than one” OPEC member had felt coerced by Saudi Arabia into the vote, adding that the cut would also increase Russia’s revenues and blunt the effectiveness of sanctions imposed over its February invasion of Ukraine.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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