Rising tension over oil production: Is Saudi Arabia ready to take on the US with the help of the 'Jewish lobby'

US President Joe Biden has warned Saudi Arabia that OPEC Plus' decision to cut oil production will have dire consequences.

It should be remembered that despite the American opposition, on October 5, OPEC Plus, the representative organization of the major oil producing countries, announced that they will reduce oil production by two million barrels per day.

The United States tried hard not to cut oil production, but the OPEC plus countries, including Saudi Arabia, decided against the United States' intention. In this regard, the American president recently Saudi

He also visited Arabia.

OPEC Plus is a group of 23 oil exporting countries. This group decides together how much oil to produce and how much oil to sell on the world market..

OPEC was established in 1960. About 30 percent of the world's crude oil comes from OPEC countries. From

Saudi Arabia is the largest oil producing country in the world producing 10 million barrels of oil per day.

When oil prices fell significantly in 2016, OPEC added 10 more oil-producing countries to the group and formed the OPEC Plus group, at which time Russia also became a part of OPEC Plus. Russia also produces about 10 million barrels of oil per day.

Thirteen countries are very important in this group, most of which are Middle Eastern and African countries. OPEC plus countries together produce 40% of the world's crude oil.

There will be consequences for what Saudi Arabia did: Biden

After this decision of the oil producing countries, American President Biden gave an interview to the American news channel CNN on Tuesday and said that this decision will have some effect on Saudi Arabia.

Just a day before Biden's interview, the chairman of the Senate Foreign Relations Committee and influential Democratic Senator Bob Menendez said that the United States should immediately cut off all ties with Saudi Arabia.

In an interview with CNN, Biden said that "what they (Saudi Arabia) have done for Russia will have some consequences." I won't say what I'm thinking and what's on my mind. But there will be consequences.

The United States links the OPEC countries' decision to cut oil production to Russia.

But Saudi Arabia issued a statement saying that the decision was taken to stabilize oil prices, not to increase prices.

Saudi Arabia's response to America

The Saudi Foreign Ministry has issued a long statement rejecting the American accusations of Russian support and politicking against the United States over OPEC Plus' decision to cut oil production.

At the same time, Saudi Arabia's Foreign Minister Faisal Bin Farhan said in an interview to Al-Arabiya News Channel that he believes that the United States will re-evaluate relations with Saudi Arabia and realize its true importance.

In an interview given to Al-Arabiya News, he further said that 'the decision to cut oil production completely

It is based on economic reasons.

Meanwhile, Russian President Vladimir Putin has also defended the OPEC Plus decision.

On the other hand, the President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan is on a visit to Russia. President Putin said during a meeting with the President of the United Arab Emirates in St. Petersburg, "We have made this decision to maintain a balance between demand and supply." Our decision is not against any country.

Earlier, US State Department spokesman Ned Price said that the US will review its relations with Saudi Arabia in consultation with its lawmakers and foreign allies.

White House press secretary Caroline Jean-Pierre said Tuesday that "it's clear OPEC plus is with Russia," adding that she would explain later how that would affect U.S.-Saudi relations.

Professor Muqtadar Khan, an expert in international affairs and teaching at the University of Delaware, says that the decision of OPEC Plus has caused a double loss to the United States.

While talking to the BBC, he said that if Russia earns some profit from it, it will use this money in the ongoing war against Ukraine. The direct impact will be on the mid-term elections in November.

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