The Saudi government denied these claims, boasting that the move was not politically motivated but to carry security in global oil markets.[254] The Saudi govt also declined a US ask for to postpone an OPEC final decision right up until once the 2022 United states of america elections, leading Biden to threaten "outcomes" from Saudi Arabia.[255]

× The offers that appear With this desk are from partnerships from which Investopedia gets compensation. This payment could effects how and wherever listings show up. Investopedia won't include all offers readily available while in the Market. Saudi Arabia, which were paying out $a hundred billion a calendar year to help keep services and subs

The Saudi governing administration denied these promises, professing which the shift was not politically enthusiastic but to convey balance in international oil markets.[254] The Saudi federal government also declined a US ask for to postpone an OPEC final decision until eventually following the 2022 United States elections, leading Biden to threat

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