Eyeing payback for midterm oil cut, Biden faces Saudis going their own way

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Eyeing payback for midterm oil cut, Biden faces Saudis going their own way
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'We are a sovereign country and we do not take orders from anyone,' Mohammed al-Sabban, former senior adviser to the Saudi energy minister, told Newsweek.

As for the anticipated U.S. reaction, Hamid said that"we are aware that some Democrats andwant to introduce laws that would hold OPEC accountable.

Patel said U.S. officials put forth the case that the cut"would be the wrong decision to make," and"presented that there was no market basis to cut production targets, and that they could easily wait and see how the energy market developed over the coming months before taking this step." But he emphasized the domestic political angle, related to the"unique relationship" enjoyed by Biden's predecessor,, and Crown Prince Mohammed, who Biden had branded a"pariah" during a presidential debate with Trump in 2019.

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