A Saudi decision to support a cut in oil output infuriated Washington. But at an investment conference in Riyadh, there was plenty of praise for the kingdom.
Tag: Organization of the Petroleum Exporting Countries
U.S. Looks to Re-Evaluate Ties With Saudi Arabia Over Oil Production Cut
Saudi leaders decided earlier this month to join Russia in leading a cartel of oil producers to announce cutting production by two million barrels a day, which could raise prices and help Russia.
A Secret, Failed Oil Deal: How the U.S.-Saudi Relationship Ruptured
After Saudi leaders pushed to slash oil production despite a visit by President Biden, American officials have been left fuming that they were duped.
Saudi Arabia and U.S. Trade Accusations Over Oil Cuts
The kingdom said it had rejected the Biden administration’s urging for a one-month delay to the reduction in output. That could have prevented a price spike before the American midterm elections.
Biden Vows ‘Consequences’ for Saudi Arabia After Oil Production Cut
Angered by the kingdom’s decision to team up with Russia, President Biden signaled openness to retaliatory measures, including a halt to arms sales and allowing price-fixing lawsuits.
Biden’s Choice After OPEC Cuts: Woo Saudi Arabia, or Retaliate?
The announcement by the Saudi-led OPEC Plus energy cartel that it would slash oil production was widely seen in Washington as a stab in the back of President Biden.
New E.U. Sanctions Against Russia Lay Out a Cap on Oil Prices
The measures come in response to Moscow’s recent escalation of the war, and a day after global oil producers decided to cut Russia’s crude supply, increasing its value on the world market.
Biden Administration Pushes Oil Producers to Keep Production High
U.S. officials have been in talks with oil-producing countries in an effort to prevent global oil prices from rising sharply.
Ostracized by the West, Russia Finds a Partner in Saudi Arabia
The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.
Biden’s Visit to Saudi Arabia Draws Criticism and Modest Accords
In the most politically problematic trip of his presidency, Mr. Biden’s critics accused him of helping rehabilitate the reputation of a tarnished prince in exchange for numerous, but limited gains.