Highlights

  • US to act against Saudi after OPEC's step to cut oil production
  • US: move would boost Russian oil export
  • Oil production to be cut by 2 million barrels a day

Latest news

Dell Launches New Pro Precision AI Workstations In India, Introduces Deskside Agentic AI Platform

Dell Launches New Pro Precision AI Workstations In India, Introduces Deskside Agentic AI Platform

Oppo Enco Air5 Review: Incredible Value at ₹3,099

Oppo Enco Air5 Review: Incredible Value at ₹3,099

Samsung Galaxy A27 5G Goes On Sale In India With Cashback Offers, Zero Down Payment Schemes

Samsung Galaxy A27 5G Goes On Sale In India With Cashback Offers, Zero Down Payment Schemes

Nothing Phone (4b) First Impressions: A Strong Debut For The New 'b' Series 

Nothing Phone (4b) First Impressions: A Strong Debut For The New 'b' Series 

Samsung Galaxy A27 Review: A Dependable Mid-Ranger With Few Surprises

Samsung Galaxy A27 Review: A Dependable Mid-Ranger With Few Surprises

Union Finance Minister Nirmala Sitharaman Inaugurates Muzhiyan Kulam, Restored by Lumina Datamatics and Community Stakeholders in Puducherry

Union Finance Minister Nirmala Sitharaman Inaugurates Muzhiyan Kulam, Restored by Lumina Datamatics and Community Stakeholders in Puducherry

"Don't think anyone will be able to break his track record": Annu Kapoor hails Big B's unmatched legacy

"Don't think anyone will be able to break his track record": Annu Kapoor hails Big B's unmatched legacy

Rewriting the Rules of Business Education: Stride School of Business Unveils Its AI-First Campus Infrastructure

Rewriting the Rules of Business Education: Stride School of Business Unveils Its AI-First Campus Infrastructure

Joe Biden on OPEC snub: US will take action against Saudi Arabia

US National Security Advisor Jake Sullivan told reporters separately that the President was clear a day earlier that the US is re-evaluating the relationship with Saudi Arabia.

Joe Biden on OPEC snub: US will take action against Saudi Arabia

US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia.

“We’re going to react to Saudi Arabia, and they’re (Congress) doing consultation when they come back. And we will take action,” Biden told reporters at the White House.

He was responding to a question from lawmakers, including Indian-American Congressman Ro Khanna, calling for a stopping of US arm sales to Saudi Arabia in the wake of the Kingdom’s decision to reduce oil production.

Biden on Tuesday said there will be "consequences” for Saudi Arabia as Riyadh other countries tied to OPEC have announced plans to cut oil production by 2 million barrels a day in response to the slowing economy, a move that the Biden administration said would support Russia.

US National Security Advisor Jake Sullivan told reporters separately that the President was clear a day earlier that the US is re-evaluating the relationship with Saudi Arabia.

Also watch: India abstains on UN resolution that condemns Russia's 'illegal' referendums

“This is a relationship that has existed over decades...And it's been built on a basis of bipartisan understanding. And the President wants to make sure that he is consulting closely with the Congress on a bipartisan basis as he re-evaluates,” he said.

“And so, he looks forward to engaging the Congress when they return. He will make his decisions about how we proceed with respect to the relationship on his timetable, having had the level of consultation and reflection that he is keen to have, because these are, of course, consequential decisions,” Sullivan said.

“He was clear yesterday that he has embarked on that process, and he's doing so with the purpose of looking out for US interests and values as we think about the future of the US-Saudi relationship,” Sullivan said.

Sullivan said as the President has said from when he came into office, there is a range of interests and values that are implicated in the US-Saudi relationship and countries across that region and around the world.

“And, you know, the President will examine all of that. But one question he's going to ask is: Is the nature of the relationships serving the interests and values of the United States? And what changes would make it better serve those interests and values?” he said.

“The step that OPEC+ took last week with respect to energy that helped Russia raises real questions. And you've heard not just from the President, but from members of Congress of both parties on this,” he told reporters.

“So, I'm not going to get ahead of where he will end up on this because, as he said yesterday, he wants to be able to engage and consult with Congress when they return. He wants to be able to reevaluate in a methodical, strategic, effective way. And then he will, at a time and place of his choosing, lay out how he intends to proceed with respect to the relationship,” Sullivan said.

“This is responsible, it's prudent, it's rooted in his fundamental interest in making sure that the relationship the United States has with Saudi Arabia serves the American people effectively. That's what he's intending to work through,” said the National Security Advisor.

Saudi Foreign Minister Faisal bin Farhan Al Saud told Saudi-owed Al Arabiya on Tuesday that his government's justification of the production cuts was “purely economic”.

ADVERTISEMENT

Up Next

Joe Biden on OPEC snub: US will take action against Saudi Arabia

Joe Biden on OPEC snub: US will take action against Saudi Arabia

Starmer resigns as UK PM, Burnham favourite to take over

Starmer resigns as UK PM, Burnham favourite to take over

G7 summit: PM Modi holds brief conversation with US President Trump

G7 summit: PM Modi holds brief conversation with US President Trump

Trump arrives at G7 summit looking for momentum after announcing a deal to end Iran war

Trump arrives at G7 summit looking for momentum after announcing a deal to end Iran war

India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts

India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts

All 22 crew members evacuated after third vessel with Indians on board was attacked off Oman

All 22 crew members evacuated after third vessel with Indians on board was attacked off Oman

ADVERTISEMENT

editorji-whatsApp

More videos

Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

Iran halts Israel operation after first post-truce clash

Iran halts Israel operation after first post-truce clash

Major quake off Philippines kills at least 35, dozen still missing

Major quake off Philippines kills at least 35, dozen still missing

US proposes 12.5% tariffs on India, others on concerns over forced labour; India remains engaged in talks

US proposes 12.5% tariffs on India, others on concerns over forced labour; India remains engaged in talks

PM Modi calls for peaceful resolution of conflicts in West Asia and Ukraine

PM Modi calls for peaceful resolution of conflicts in West Asia and Ukraine

Trump arrives in China for superpower summit with Xi Jinping

Trump arrives in China for superpower summit with Xi Jinping

Trump orders US military to 'shoot and kill' Iranian small boats choking Strait of Hormuz

Trump orders US military to 'shoot and kill' Iranian small boats choking Strait of Hormuz

India is a great country: Trump after controversial social media repost

India is a great country: Trump after controversial social media repost

Trump says Iran violated truce as doubt surrounds peace talks

Trump says Iran violated truce as doubt surrounds peace talks

Iran says 'no decision' yet on joining new round of US peace talks

Iran says 'no decision' yet on joining new round of US peace talks

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.