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Friday, October 07, 2022

OPEC+: U.S.-Saudi relations reset sabotaged for good?note

OPEC+ agreed during its 33rd ministerial meeting on Wednesday (5/10/2022) in Vienna to cut oil production by 2 million barrels per day (bpd) starting November 2022.

It is said that U.S. President Joe Biden's administration is heavily displeased by the Saudi-led effort to implement deep and unneeded production cuts.

The United States is reported to be preparing a wide range of actions against OPEC+ members, and Saudi Arabia in particular.

Tactical Report has prepared a 389-word (2 pages) report to highlight the U.S. course of actions that might put the final nail in the U.S.-Saudi relations coffin. 


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