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.
Tag: Arabia
Biden to Re-Evaluate Relationship With Saudi Arabia After Oil Production Cut
Angered by the kingdom’s decision to team up with Russia to slash petroleum output, the president signaled openness to retaliatory measures, including a halt to arms sales and a new antitrust measure.