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KLAYMAN: GOD BLESS THE SAUDIS: RAISING PRICE OF OIL AND GASOLINE WILL DESTROY DEMS AT BALLOT BOX AND BIDEN'S LEFTIST AGENDA! BIDEN F'D SAUDIS WITH IRAN DEAL AND HE AND HIS PARTY GET THEIRS BACK IN SPADES!
 
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By Barak Ravid
Axios
October 20, 2022
 
The Biden administration blames Saudi Arabia for the move, which the U.S. claims will strengthen Russia.

Saudi officials claim the U.S. anger has nothing to do with Russia but is due to domestic political concerns about rising gas prices ahead of the midterm elections.

Catch up quick: Two weeks ago, OPEC+ announced production cuts of 2 million barrels per day starting in November.

The U.S. lobbied OPEC+ members, mainly Saudi Arabia, to wait another month to evaluate the situation of the oil market before deciding on any cuts in production.

 
 
 
 
 
 
 
 
 
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