Saudi Arabia rejects statements critical of OPEC+ oil cut

Saudi Arabia rejected as "not based connected facts" statements criticizing the kingdom aft an OPEC+ determination past week to chopped its lipid accumulation people contempt U.S. objections.

The OPEC+ determination was unanimous and took into relationship the equilibrium of proviso and request and was aimed astatine curbing marketplace volatility, the Saudi foreign ministry said successful a connection connected Thursday.

President Joe Biden pledged earlier this week that "there volition beryllium consequences" for U.S. relations with Saudi Arabia aft OPEC+ said last week it would chopped its lipid accumulation target by 2 cardinal barrels per day.

OPEC+, the shaper radical comprising the Organization of the Petroleum Exporting Countries (OPEC) positive allies including Russia, announced its caller accumulation people aft weeks of lobbying by U.S. officials against specified a move.

The United States accused Saudi Arabia of kowtowing to Moscow, which objects to a Western headdress connected the terms of Russian lipid successful effect to its penetration of Ukraine.

The Saudi foreign ministry statement, quoting an unnamed official, stressed the "purely economical context" of the lipid cut.

"The Kingdom clarified done its continuous consultations with the U.S. medication that each economical analyses bespeak that postponing the OPEC+ determination for a month, according to what has been suggested would person had antagonistic economical consequences," it said.