“Agreement to cut production by 2 million barrels per day is a deep humiliation for Joe Biden,” Marlowe said.
According to him, this move demonstrates the deterioration of relations between Saudi Arabia and the United States and the strengthening of ties with Russia.
On October 5, OPEC+ oil producers at a meeting agreed to cut production by 2 million barrels per day from November.
US Secretary of State Anthony Blinken said the United States is exploring a range of response options, including through relations with Saudi Arabia, to the OPEC+ decision to cut oil production.