Washington: US President Joe Biden said that Saudi Arabia will suffer the consequences of the reduction in oil production.
US President Joe Biden said in an interview to the American channel that Saudi Arabia will take action against Saudi Arabia for reducing oil production by OPEC Plus led by Saudi Arabia. Saudi Arabia will suffer the consequences of the reduction in oil production.
The US President further criticized Saudi Arabia and said that the reduction in oil production will benefit Russia. President Joe Biden said that measures will be taken in this regard after consulting the Congress, but the sale of arms to Saudi Arabia will not be stopped.
Some members of Congress had asked President Biden to stop arms sales to Saudi Arabia.
Saudi Arabia Crude Oil Production is at a current level of 10.46M, down from 10.51M last month and up from 8.676M one year ago. This is a change of -0.48% from last month and 20.57% from one year ago.