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Wednesday, May 17, 2023

Saudi Arabia unbothered by the revival of NOPEC discussions?note

The U.S. House of Representatives Judiciary Committee is again discussing the NOPEC bill to pressure OPEC+ to stop approving production cuts that could raise fuel prices for U.S. consumers.

Saudi Energy Minister Prince Abdulaziz Bin Salman Bin Abdulaziz says that he does not take U.S. posturing over the NOPEC bill seriously at this time.

Tactical Report has prepared a report (233 words) to highlight Saudi views on the NOPEC bill including:

- Prince Abdulaziz’s views on the recent NOPEC news

- The reason why the Kingdom is unbothered by NOPEC

- Riyadh’s reaction if Washington decides to pass the NOPEC bill

The report also includes the Kingdom’s expectation of U.S. possible ways to undermine OPEC+. 


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