The Saudi Ministry of Foreign Affairs has published a reaction to remarks made against the Kingdom in the aftermath of OPEC+’s agreement to restrict oil output. Among other things, the Saudi statement says that the US Administration was lobbying for the OPEC+ decision to be delayed by a month, effectively until after that country’s forthcoming November elections.
“The Government of the Kingdom of Saudi Arabia would also like to clarify that, based on its belief in the importance of dialogue and exchange of views with its allies and partners outside the OPEC + group regarding the situation in the oil markets, the Government of the Kingdom clarified through its continuous consultation with the US Administration that all economic analyses indicate that postponing the OPEC+ decision for a month, as has been suggested, will result in a month of lower oil prices.”
Relatedly, Secretary General of the Arab League Ahmed Abdul Ghait on Friday expressed his organization’s condemnation and denunciation of the statements criticizing the Kingdom of Saudi Arabia following OPEC+ decision to partially cut oil quotas of the member states.
Following is the complete statement issued by Saudi Arabia’s Ministry of Foreign Affairs.
