HomeNewsEconomyPolicyBiden vows to punish Saudis over oil output cut but struggles to calibrate response

Biden vows to punish Saudis over oil output cut but struggles to calibrate response

The president added that he believes it’s time for the US to rethink its relationship with Saudi Arabia. But he and senior administration officials also conceded that a legislative plan to retaliate was unlikely to materialize until after November’s midterm elections

October 12, 2022 / 07:55 IST
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US President Joe Biden (Bloomberg)
US President Joe Biden (Bloomberg)

US President Joe Biden has voiced his fury with Saudi Arabia over the OPEC+ oil production cuts, accusing the kingdom of allying itself with Russia and vowing to engage with US lawmakers clamoring to punish Riyadh.

“There’s going to be some consequences for what they’ve done, with Russia,” Biden said in an interview with CNN.

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The president added that he believes it’s time for the US to rethink its relationship with Saudi Arabia. But he and senior administration officials also conceded that a legislative plan to retaliate was unlikely to materialize until after November’s midterm elections, underscoring the complex calculations the US faces as it weighs a longtime partnership that has quickly soured.

Earlier Tuesday, National Security Council spokesman John Kirby called the OPEC+ decision to slash oil production by 2 million barrels per day “short-sighted” and said “it benefited Russia at a time when nobody in any capacity should be trying to benefit Vladimir Putin.” Russia is a leader of the OPEC+ alliance.