Dubai, United Arab Emirates (CNN) – Activists circulated on social media, a report regarding a state of anticipation for the meeting of the OPEC + group today, Sunday, and what will result from it regarding oil production rates, at a time when the report was quoted by officials, “the administration has no plans.” America to punish Saudi Arabia” following the decision to cut oil production during the last meeting of OPEC +.
The circulating report, published by NBC News, stated: “Nearly two months following President Joe Biden pledged that there will be ‘consequences’ for Saudi Arabia’s actions to cut oil production, the United States is not actively considering any major retaliatory measures once morest the kingdom, according to US officials.” “.
The report stated that “administration officials view the upcoming OPEC meeting on Sunday, December 4, as another inflection point, as some hope that the outcome of the meeting will give the president a way out of his pledge to retaliate for the production cut in October. But officials also expect calls to impose a cost on the kingdom.” Saudi Arabia to increase production if OPEC cuts oil production once more.
And the US President had vowed, in a previous interview with CNN, Saudi Arabia, with “consequences for what they did with Russia,” referring to the OPEC + decision. Attempting to depict the decision of OPEC Plus outside its purely economic framework, which was a decision taken unanimously by all countries of the OPEC Plus group.” Saudi King Salman bin Abdulaziz affirmed that the Kingdom is working to “support the stability and balance of global oil markets.”