Tension Rises Again Between Washington and Riyadh

Tensions have risen again between Saudi Arabia and the United States over oil production.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Tensions have risen again between Saudi Arabia and the United States, which had particularly heated exchanges on Thursday about oil production and, more broadly, about Riyadh’s attitude towards Moscow.

The Saudis have, in a rare statement, hit back at the criticism of the United States, which accuses them of having slashed the production of black gold in order to “align” with the interests of Russian President Vladimir Putin.

“Saudi Arabia has seen the statements … that described the decision as the kingdom’s stance in international conflicts and as politically motivated against the United States,” the Saudi Foreign Ministry said in a statement.

Riyadh expressed its “total rejection” of the U.S. accusations, assuring that the decisions of the crude exporters’ cartel were “based purely on economic considerations.”

Opec+ – the thirteen members of the Organization of the Petroleum Exporting Countries (Opec) led by Saudi Arabia and their ten partners led by Russia – decided last week to slash their production quotas.

– “Total rejection” –

US President Joe Biden has already warned that there will be “consequences” to this decision, which may cause prices to soar. And therefore to fill the coffers of Russia, which needs its oil revenues to finance its war in Ukraine.

Riyadh, for its part, said that the United States “suggested” to him to postpone by one month the decision of Opep+, which could also raise the price of gasoline, and thus displease the American voters.

Clearly, Saudi Arabia is saying that the White House has asked it to wait until the mid-term elections in the United States, scheduled for November 8 and decisive for the continuation of Joe Biden’s mandate, have passed.

Washington’s response to the Saudi communiqué was swift and particularly strong.

Saudi Arabia “may try to manipulate and deflect, but the facts are simple,” the White House charged Thursday.

– “Wrong direction” –

“In recent weeks, the Saudis have made it clear to us, privately and publicly, that they intend to cut oil production, knowing that this would increase Russia’s revenues and lessen the impact of sanctions. This is the wrong direction,” said John Kirby,
spokesperson for the National Security Council.

“They could have easily waited until the next Opec meeting to see how things were going,” he further noted. “Other OPEC countries have told us privately that they also oppose the Saudi decision, but have felt forced to support” Riyadh’s strategy, John Kirby also charged.

Washington “will continue to monitor any signals on (Riyadh’s) position on responding to Russian aggression” against Ukraine, he said.

Joe Biden has already promised to “re-evaluate” the very long strategic relationship between the two countries, which is based on a simple principle: Saudi Arabia supplies the market with oil, and in exchange, the United States ensures its security, notably through massive arms sales.

The American president had visited Saudi Arabia in July to reaffirm this principle, and the White House therefore saw the Opec+ decision as a diplomatic affront.

This visit – and the now-famous fist-for-fist greeting exchanged with Crown Prince Mohammed bin Salmane – is proving decidedly more and more politically costly for the 79-year-old Democrat, who promised during his campaign to reduce Saudi Arabia to “pariah status” in the wake of the murder of journalist Jamal Khashoggi.

Many Democratic lawmakers are now calling for a freeze on massive arms sales to Saudi Arabia. However, the White House has not yet specified what the “consequences” mentioned by Joe Biden would be.

Athens and Tripoli engage in a negotiation process to define their exclusive economic zones in the Mediterranean, amid geopolitical tensions and underwater energy stakes.
European powers demand concrete steps from Tehran on nuclear issue or United Nations sanctions will be reinstated, as IAEA inspections remain blocked and tensions with Washington persist.
Brussels confirms its target to end all Russian energy imports by 2028, despite growing diplomatic pressure from Washington amid the ongoing conflict in Ukraine.
Donald Trump threatens to escalate US sanctions against Russia, but only if NATO member states stop all Russian oil imports, which remain active via certain pipelines.
The two countries agreed to develop infrastructure dedicated to liquefied natural gas to strengthen Europe's energy security and boost transatlantic trade.
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
The United States cuts tariffs on Japanese imports to 15%, while Tokyo launches a massive investment plan targeting American energy, industry, and agriculture.
Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.
Brasília has officially begun the process of joining the International Energy Agency, strengthening its strategic position on the global energy stage after years of close cooperation with the Paris-based organisation.
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.
Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.
Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
Ukrainian drones targeted a nuclear power plant and a Russian oil terminal, increasing pressure on diplomatic talks as Moscow and Kyiv accuse each other of blocking any prospect of negotiation.
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
Russia continues hydrocarbon deliveries to India and explores new outlets for liquefied natural gas, amid escalating trade tensions with the United States.
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.

Log in to read this article

You'll also have access to a selection of our best content.