, which is included in the OPEC+ group, to drive prices higher and said the West was often driven by “wealth arrogance” when criticizing the group.
US officials have said part of the reason Washington wants lower oil prices is to deprive Moscow of oil revenue. Biden traveled to Riyadh this year but. Relations have been further strained as Saudi Arabia has not condemned Moscow’s actions in Ukraine. The cut in oil supplies decided in Vienna on Wednesday could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago on fears of a global economic recession, rising US interest rates, and a stronger dollar.
Saudi Energy Minister Abdulaziz bin Salman said OPEC+ had needed to be pro-active as central banks around the world
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