Relations between the United States and Saudi Arabia
into a state of tension again
After the latest
OPEC+
group with
"Saudi Arabia as the main"
announced to cut oil production by 2 million barrels per day.
This will be effective from November onwards.
Although throughout the past
The White House tried to communicate honestly with Riyadh.
As OPEC's elder brother many times
to increase the production of more oil
in hopes of compelling Russia
which has the main income from trading in energy
As many as possible
"death" with the Ukrainian war.
"Prince Mohammed bin Salman", Crown Prince of the Kingdom of Saudi Arabia
What are
the "reasons"
of the Saudi side and
the "indignation"
of
the US over the
decision?
Saudi reason :
Abdulaziz Bin Salman, Saudi Energy Minister
citing OPEC's biggest production cuts since 2020 in response to rising global interest rates
and to stimulate the recovery of oil prices in order to cope with the declining demand as a result of the weak global economic fundamentals.
along with confirming that
The decision was also consensus among the Member States.
U.S. indignation:
The United States and the West are making efforts.
Russia's "limiting oil prices"
in an effort to force the Kremlin to pay as much as possible for the Ukrainian war
For this reason, the decision
"Reducing production"
thus opening the way for
"Russia"
to escape from sanctions and be able to sell oil at higher prices.
make such a decision
no different from
Choosing to side with Russia instead of the
"US"
Read more: Force Russia to sell cheap oil Can it really be done?
In addition, the conditions set forth in November.
This is the time when Europe and the United States
It's winter and
a higher than normal amount of
"energy" (oil and gas) is needed to generate electricity to warm households.
would inevitably create a burden in terms of
"cost"
for Western nations.
And this issue will be even more aggravated.
The "inflation problem"
that continues to rise even more intensely.
The
"timeline"
for the production cuts has also led
President Joe Biden
to doubt his intentions.
"Saudi Arabia"
may be aimed at the internal politics of the United States because it
"accidentally"
that
This period is close to
"Mid-term elections"
(Nov. 8) in which President Joe Biden faces the decline caused by various problems that are beset the United States.
In particular,
“inflation”
is struggling to regain its popularity.
US retaliation:
“Oil prices are still too high. And we need to keep working to keep prices down.” President Joe Biden
Over the past six months, the United States has continuously drained
its "strategic petroleum reserves" (SPRs)
to the market.
To hope to intervene in the rising oil prices from the Ukrainian war poisoning.
As a result, oil prices have begun to decline for almost 3 months in a row.
For this reason, when
"OPEC Plus"
announced a reduction in production.
The White House has therefore announced that it is ready to extend the period for the SPR drain to further balance the global oil market.
It will start buying crude oil back to SPR when the oil price dropped to
67-72 USD per barrel.
The United States has the most strategic oil reserves in the world.
With a volume of up to
400 million barrels!
Meanwhile, the falcon wing in Congress
Foreigners express their displeasure with the actions of Saudi Arabia this time.
Along with calling on the US government
Cut off all security support
including until
"Selling arms"
to the Riyadh side
It also called for a push.
Draft No Oil Producing and Exporting Cartels ct or NOPEC
Act, which is a law.
That will lead to the removal of protections for the group of oil producing countries or
"OPEC"
against US antitrust laws.
And as a result, can sue OPEC or even OPEC Plus member states.
In case of limiting the number of production quotas or suspending exports
to make the oil price in the market skyrocket
In response to the actions of Saudi Arabia and OPEC Plus this time.
Read more: Real NOPEC or just a roar from the US?
What will happen to the conflict
:
Western analysts expect the deteriorating relationship between
US and Saudi Arabia
This could put security in the Middle East at risk as a result of the US.
may pay less attention to care
The cuts in oil production may not be as high as 2 million barrels per day because there are currently many OPEC member countries that lack production ceilings.
While Iraq has shown that it is ready to produce more than the quota it has received.
However, on the other hand, analysts from China
look at what happened
It reinforces the intention of
"Prince Mohammed bin Salman",
Crown Prince of the Kingdom of Saudi Arabia
who want to bring Saudi Arabia to a new era
who are more independent and independent from the United States on the world stage
after the previous
has expressed interest in joining the
BRICS
group with Russia and China as the leaders
Special news team, Thairath Online reports.
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