Saudi Arabia Defied U.S. Warnings Ahead of OPEC+ Production Cut - The Wall Street Journal

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High lipid prices person been beneficial for OPEC+, an confederation of oil-producing countries that controls much than fractional of the world’s output. WSJ’s Shelby Holliday explains what OPEC+ countries are doing with the windfall and wherefore they aren’t apt to region themselves from Russia. Illustration: Adele Morgan

Updated Oct. 11, 2022 1:56 p.m. ET

RIYADH, Saudi Arabia—Days earlier a large oil-production cut by OPEC and its Russia-led allies, U.S. officials called their counterparts successful Saudi Arabia and different large Gulf producers with an urgent appeal—delay the determination for different month, according to radical acquainted with the talks. The answer: a resounding no.

U.S. officials warned Saudi leaders that a chopped would beryllium viewed arsenic a wide prime by Riyadh to broadside with Russia successful the Ukraine war and that the determination would weaken already-waning enactment successful Washington for the kingdom, the radical said.

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