According to Saudi Arabia, the OPEC oil cut is solely economic.

Arabia claims US as "strategic."

•  Additionally, Saudi Arabia claims that it sees its relationship with the US as "strategic."
• In a statement, the Saudi Foreign Ministry emphasizes the "pure economic background" of the oil decrease.
• Washington is concerned about the likelihood of rising gas prices as a result of the OPEC decision.

OPEC's decision:

Saudi Arabia has dismissed criticism of the country following OPEC's decision last week to reduce its oil production target over US concerns, claiming that this move serves the interests of both consumers and producers. CAIRO

The Saudi foreign ministry stated in a statement on Thursday that the OPEC decision was taken by consensus, took into consideration the balance of supply and demand, and was intended to reduce market volatility.

Following OPEC's announcement last week that it will lower its objective for oil output by 2 million barrels per day, President Joe Biden promised earlier this week that "there would be repercussions" for US ties with Saudi Arabia. The West has attempted to restrict the price of Russian oil in retaliation for Moscow's invasion of Ukraine, and the United States has accused Saudi Arabia of caving in to Moscow. The Saudi foreign ministry statement emphasized the "purely economic context" of the oil decrease, citing an anonymous official.

United States:

In the announcement, it was also mentioned that the United States had been asked to postpone the reduction by one month during talks.

Concerns over the likelihood of rising gasoline prices just before the US midterm elections in November have been raised in Washington as a result of the OPEC decision. Biden's Democrats are vying to keep the majority in the House of Representatives and the Senate. Through its ongoing discussions with the US government, the Kingdom "clarified that all economic calculations indicate that delaying the OPEC decision for a month, similar to what has been recommended, would have had negative economic implications," it added.

Additionally, Saudi Arabia stated that it sees its relationship with the United States as "strategic" and emphasized the significance of respect for one another.