Riyadh Defends OPEC+ Decision to Reduce Oil Production, Rejects US Criticism

The Saudi government dismissed the US criticism of a recent OPEC+ decision to reduce oil production and defended it as a “purely economic” decision.

It comes amid a new of diplomatic tensions between Riyadh and Washington.

In a statement on Thursday, Saudi Arabia’s Foreign Ministry rejected as “not based on facts” claims that the slash in oil production was politically motivated against the US, saying that OPEC+ adopted the decision through consensus, took into account the balance of supply and demand and tried to curb market volatility.