Surprise OPEC+ Oil Production Cuts Signal That America’s Relations With Saudis Are Deteriorating

In the latest evidence of Washington’s loss of sway over world affairs, the oil cartel that includes Saudi Arabia and Russia is announcing it will cut rates of pumping oil in a move that is bound to exacerbate inflation pressures in America and help Russia’s war efforts in Ukraine.

The move, announced at Riyadh Sunday, is yet another blow to President Biden’s foreign policy as the 2024 presidential election nears. For two years, Washington has hammered Saudi Arabia, making the decades-long American Mideast ally a poster boy for human rights violations, and calling it a “pariah state.”

Now Riyadh’s de-facto ruler, Crown Prince Mohammed bin Salman, is tightening relations with America’s adversaries, Communist China, Russia, and even Saudi Arabia’s nemesis, Iran. The Crown Prince’s turn away from America has gained pace faster than expected by Mideast watchers.

Members of the Riyadh-led Organization of Petroleum Exporting Countries and its allies announced Sunday their intention to cut oil production by 1.15 million barrels a day. Saudi Arabia and Russia would each cut production by half a million barrels a day, while other members of OPEC+, including Russia and other allies, would make cuts as well. (Read more from “Surprise OPEC+ Oil Production Cuts Signal That America’s Relations With Saudis Are Deteriorating” HERE)

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