Skip to Content
AP National Business

Saudis say US sought 1 month delay of OPEC+ production cuts

KVIA
By
Published 11:44 PM

By JON GAMBRELL
Associated Press

DUBAI, United Arab Emirates (AP) — Saudi Arabia says that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production. OPEC announced the cuts on Oct. 5. A delay could have helped reduce the risk of a spike in gas prices head of the U.S. midterm elections next month. A statement Thursday by the Saudi Foreign Ministry didn’t specifically mention the elections, crucial to President Joe Biden’s efforts to preserve his Democratic Party’s narrow majorities in Congress. Rising oil prices have been a key driver of inflation in the U.S. and around the world. The White House denied its request to postpone the cuts was related to the elections.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content