Saudi cabinet emphasizes 'pivotal role' of OPEC+ in oil market balance

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The Saudi cabinet emphasized on Tuesday “the pivotal role” of OPEC+ in achieving balance and stability in global oil markets, state media reported.

The OPEC+ producer group’s decision last week to cut oil production despite U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal family, once one of Washington’s staunchest Middle East allies.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againBiden is re-evaluating the U.S. relationship with Saudi Arabia after OPEC+ oil production cut decision, White House national security spokesman John Kirby said on Tuesday.

 

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