Saudis say US sought 1 month delay of OPEC+ production cuts

[Omaha Steve]

Source: AP

By JON GAMBRELL

DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk of a spike in gas prices ahead of the U.S. midterm elections next month.

A statement issued by the Saudi Foreign Ministry didn’t specifically mention the Nov. 8 elections in which U.S. President Joe Biden is trying to maintain his narrow Democratic majority in Congress. However, it stated that the U.S. “suggested” the cuts be delayed by a month. In the end, OPEC announced the cuts at its Oct. 5 meeting in Vienna.

Holding off on cuts would have meant implementing them just before the Nov. 8 election — at a time when they likely couldn’t drastically influence prices at the pump.

Rising oil prices — and by extension higher gasoline prices — have been a key driver of inflation in the U.S. and around the world, worsening global economic woes as Russia’s months-long war on Ukraine also has disrupted global food supplies. For Biden, gasoline prices creeping up could affect voters. He and many lawmakers have warned that America’s longtime security-based relationship with the kingdom could be reconsidered.



FILE - People and media gather at the entrance of the building of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna, Austria on Oct. 5, 2022. Saudi Arabia said Thursday, Oct. 13, 2022 that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies, including Russia, to cut oil production by a month which would have been just before the upcoming American midterm elections. (AP Photo/Philipp-Moritz Jenne, File)


Read more: https://apnews.com/article/russia-ukraine-biden-inflation-business-elections-a359717a7edd2e609701d03328b55418

[KPN]

1. Sounds like MBS bullshit to me.

[no_hypocrisy]

2. Me too.

Joe Biden doesn't bargain with terrorists.

[Scrivener7]

3. Joe doesn't have two billion of their leader's dollars.

[gab13by13]

8. Bingo again,

who would Prince Bone Saw listen to, Donald Trump or President Biden? Trump must have given SA some serious information

[bucolic_frolic]

4. Am I misremembering? Didn't we fight a Gulf War to support these guys? /nt

[Lovie777]

5. Confirmation that it was their goal .....

[Submariner]

6. I dare Bonesaw MO to bring his Saudi LIV Tower Crasher Golf League

to the U.S. again. I hope protesters burn the Bedbugminster Landfill Golf Club to the ground if those barbarians show up again.

[oldsoftie]

7. Gather outside the courses with air horns & make a racket.

Hire planes to fly over the tournaments making the most noise possible & flying banners.

[gab13by13]

9. Trump must have given Bone Saw some good classified information.

Trump was snubbed by the PGA tour, they pulled his course from hosting a major tournament so Trump wants to bring down the PGA tour.

[ColinC]

10. Why do we let an evil dictatorship have control over our gas prices, exactly?

[fanfanois]

11. Let's believe the man who cut a journalist in pieces

He doesn’t lie

[oldsoftie]

12. The President needs to do whatever it takes to maximize US production. Period.

Make the Saudis, Russians, Iranians etc eat their oil. If we increase our production 2-4 million a day it'll crush their economy
Fuck 'em. the time for "discussions" is OVER. There's a large chance we lose the House & a big part of it is gas prices. Time to stop screwing around.