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US terms OPEC+ decision on oil production ‘mistake’, says it has favoured Russia

08:02 AM Oct 19, 2022 | PTI |

Washington: The decision of the Organization of the Petroleum Exporting Countries and its allies to cut oil production is a mistake that has favoured the Russians, the White House has said.

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“The decisions that OPEC+ made last week, we believe, sided with the Russians and were against the interests of the American people and the families around the world,” White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Tuesday.

“We believe that the decision is going to hurt and harm lower-income economies. It was misguided and it was a mistake and a short-sighted decision,” she said in response to a question.

The White House press secretary said President Joe Biden is going to re-evaluate his relationship with Saudi Arabia.

“This is something that he has talked about since the beginning of this administration. He wants to do it in a bipartisan way, which is the way it has been done for the last eight decades when we talk about our relationship with Saudi Arabia,” she said.

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“So, he is going to do this in a methodical way, in a strategic way, and he is going to certainly get inputs from members of both parties,” the press secretary said, adding that more information on this would be shared later.

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