Saudi will have to face consequences for deciding upon oil cut

Washington: US President Joe Biden has threatened that Saudi Arabia and other OPEC-plus member countries will suffer the enormous consequences of Saudi Arabia’s decision to cut global fuel production along with Russia. The United States is giving indications that this threat is not empty. The White House informed that the Biden administration is reconsidering the bilateral cooperation of the United States with the countries of Saudi Arabia and the UAE. United States protects Saudi Arabia and UAE. The question is whether the Biden administration will withdraw this protection.

Last week, OPEC Plus, a group of the world’s leading oil producers, decided to cut crude oil production by 2 million barrels per day. This decision will be implemented in November. This is just two per cent of the world’s daily production. Therefore, it was informed by UAE that this decision of OPEC Plus is not political but technical. But Saudi Arabia and UAE, the leading countries in OPEC, are being kept on edge by the US administration.

Moreover, there is a demand in the US Senate that the Biden administration should raise the banner of ‘NOPEC’ against Saudi Arabia and the UAE, US allies in the Middle East. ‘No Oil Production and Exporting Cartels-NOPEC’ or ‘NOPEC’ will remove the security guarantee given to the ‘OPEC Plus’ member countries and the fuel companies in these countries. Also, it is claimed that along with the Saudi and UAE fuel companies, senior executives can also be prosecuted in the US court due to this Nopec. The world was paying attention to President Biden’s decision in such a situation.

Accordingly, on Tuesday evening, in an interview with a US news channel, President Biden warned that Saudi Arabia and the UAE, which cut fuel production, will face serious consequences. Biden avoided mentioning the two Arab countries. Biden said that the action would be announced after talking to members of the US Congress. Then the White House mentioned Saudi Arabia and the UAE and explained that the cooperation with the Arab allies is being reconsidered within the next few hours.

US Senators Richard Blumenthal and Ro Khanna called for a year-long freeze on arms supplies to Saudi Arabia. At the same time, these two senators said that the United States should stop the assistance for the spare parts and damaged parts of the weapons provided to Saudi Arabia for a year. Senior Senate leader Robert Menendez has demanded an indefinite freeze on military aid to Saudi Arabia.

Meanwhile, the Biden administration could take a very aggressive decision to withdraw US protection from Saudi Arabia and the UAE. Some analysts warn that US interests in the Middle East will be jeopardized and that the US could even risk losing its influence in the Middle East.