President Biden is planning to reevaluate the U.S.' relationship with Saudi Arabia after OPEC+ announced it would cut oil production targets. The Saudi-led coalition, which also includes Russia, announced last week that it would cut its oil output by two million barrels a day, thus driving up prices in the U.S., The Washington Post reports.
Biden has spent extensive time pressing Saudi Arabia to increase oil output given the strain on resources caused by Russia's war on Ukraine. He personally met with Crown Prince Mohammed bin Salman for a two-hour meeting back in July. OPEC+ made the announcement despite U.S. officials lobbying against the decision. Saudi Foreign Minister Prince Faisal bin Farhan Al Saud said the decision was considered from a purely economic standpoint and was made unanimously by the coalition's member states, Reuters reports.
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