The decision strikes a new blow to the souring relationship between the U.S. and Saudi Arabia, the latter of which has moved closer to Russia and China.
The U.S., which had already condemned the OPEC+ decision last year to cut production of 2 million bpd last November, has strongly opposed further cuts to the OPEC+ oil production, calling the rise in prices expected to follow inadvisable.
A view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. The United States and Saudi Arabia appear to be once again on a collision course after the Middle Eastern country and other members of the OPEC+ group announced surprising cuts to its oil supply on Sunday, in a move that aims to boost oil prices amid fears of weakened demand.
Last year, after Saudi Arabia decided to cut production against calls from the U.S. to pump more oil into the market in a bid to fight rampant inflation, the White House accused the country of siding with Russia, which invaded Ukraine last February, and trying to trigger an energy crisis in Europe,As analysts expected, the news that Saudi Arabia and the other OPEC+ oil producers will slash output has caused an immediate jump in prices. On Monday, Brent oil futures jumped $4.30 to $84.
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