Saudi Arabia has rejected statements directed at the kingdom that are “not based on facts,” according to the news. These statements were made in response to the October 5 announcement of the “OPEC Plus” decision. (OPEC decision is purely economic)
According to a reliable source in Saudi Arabia, the government “was informed on the proclamations given toward the Realm following the issuance of the choice, which remembered portraying it as favoring the Realm for global contentions, and that it was a choice in view of political thought processes against the US.” This information was provided by the Saudi Unknown Service.
The Saudi government wishes to express its total rejection of these statements, which are primarily based on an attempt to portray the OPEC Plus decision outside of its purely economic context—a decision that was made unanimously by all OPEC Plus nations.
In addition, “the Realm confirms that the results of the OPEC in addition to gatherings are embraced through the aggregate agreement of the part states, and that no nation is special to it without the remainder of the part states,” as well as “from a purely monetary viewpoint that considers the harmony between organic market in the oil markets, and cutoff points changes that don’t serve the interests of makers and consumers Both,” the OPEC in addition to gathering has been doing.” (OPEC decision is purely economic)
Additionally, the Saudi Press Agency stated: The OPEC Plus group also makes decisions on its own in accordance with the generally accepted independent practices of international organizations.
She continued, saying: The Realm’s administration may wish to explain that, in light of its belief in the significance of discussing and trading views with partners and accomplices outside of the OPEC group regarding oil economic conditions, the Realm’s administration has made it clear through its consistent consultation with the American organization that all financial analyses allude to Delaying the choice for a month, as was proposed, will have negative monetary results.
The Kingdom’s government declares that the attempt to conceal the facts regarding Saudi Arabia’s position on the Ukrainian crisis is regrettable. Based on the Kingdom’s adherence to the necessity of all countries’ commitment to the United Nations Charter and the principles of law, the Kingdom’s vote to support the resolutions taken at the United Nations regarding the Russian-Ukrainian crisis will not change. Additionally, it denies any interference with states’ authority over their territories. (OPEC decision is purely economic)
In addition, the news explained: “It affirms that it does not accept dictations and rejects any actions or efforts aimed at changing the lofty goals it is working on to protect the global economy from the fluctuations of oil markets,” it states at a time when the Kingdom is working to maintain strong relationships with all friendly nations.
As indicated by the association’s decision, “tending to monetary difficulties requires laying out a useful, non-politicized exchange, and thinking about carefully and sanely what serves the interests of all nations,” and “the Realm confirms that it sees its relationship with the US according to an essential viewpoint that serves the normal interests of the two nations and stresses the significance of expanding on the strong groundworks whereupon it was based. “Saudi-American relations have been marked by mutual respect, the advancement of shared interests, an effective contribution to the maintenance of regional and international peace and security, the fight against terrorism and extremism, and the achievement of prosperity for the region’s people over the past eight decades. (OPEC decision is purely economic)
Last week, the “OPEC Plus” alliance decided to reduce total production from the levels required in August 2022 by two million barrels per day beginning in November 2022 for both member countries of the “OPEC” group and participating countries outside the group.
