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U.
S.
President Joe Biden will "methodically" reassess U.
S.
relations with Saudi Arabia and has no intention of meeting
Saudi Crown Prince Mohammed bin Salman at the G20 leaders' summit next month, U.
S.
National Security Adviser Sullivan said on October 16.
On the same day, a number of OPEC+ members voiced support for the decision to cut production, emphasizing that the decision was based on economic considerations
.
US President Biden data map from US media
Sullivan said in an interview with CNN on October 16 that "he (Biden) has no plans to meet with the (Saudi) crown prince at the G20 summit.
"
Sullivan also spoke briefly about the White House's readiness
to "reassess" U.
S.
-Saudi relations after OPEC+ decided to cut production.
He said Biden would "methodically" reassess the relationship between the United States and Saudi Arabia, with possible options including halting security aid and arms sales
to Riyadh.
"The president will not be in haste, he will act methodically and strategically, and he will take the time to consult with members of both parties and wait for Congress to resume and sit down and personally consider options
with them.
" US media reported that the United States will hold midterm elections on November 8, and Congress will resume after the midterm elections
.
In response to the oil production cut, Saudi Arabia said its motive was purely economic and had nothing to do with
politics.
Saudi King Salman said on the 16th that Saudi Arabia is working to ensure the stability and balance of the oil market, including the establishment and maintenance of the "OPEC+" agreement
.
Saudi Defense Minister and Salman's son Khalid said Riyadh was surprised by allegations that "Saudi Arabia is on the side of Russia in the conflict in Ukraine" and that "it is worth noting that these false accusations do not come from the Ukrainian government"
.
Khalid reiterated that OPEC+'s decision to cut production was made
unanimously by countries out of "purely economic considerations".
Saudi Arabia's statement was supported
by many OPEC+ members.
UAE Energy Minister Suhail bin Mohammed Mazroui said on Twitter on the 16th: "I want to clarify that the latest (production cut) decision of 'OPEC+' was unanimously adopted, which is a purely technical decision without any political intention
.
" Bahrain News Agency quoted Bahraini Oil Minister Mohammed bin Mubarak as saying that the decision to cut production was to stabilize the oil market
.
Oman's energy ministry also said that the decision to cut production was based solely on economic considerations and was an important and necessary decision
.
"OPEC+ members agree that the best way to deal with oil market conditions in the current period of uncertainty and lack of transparency is to pre-empt oil market conditions to support market stability and provide the guidance
needed for the future," Iraq's national oil marketing organization said in a statement.
Algerian Energy and Mining Minister Mohamed Alcab and OPEC Secretary-General Haitham Ghaith met on the 16th, and both expressed support for the decision to
reduce oil production.
Alcab said it was a "historic" decision "to stabilize the market.
"
Gaisce said OPEC's goal is to strike a balance between supply and demand, not to seek a specific price
.
Ali bin Sabt, secretary general of the Arab Organization of the Petroleum Exporting Countries, issued a statement on the 15th, saying that the oil production reduction was a "correct decision" made at the "right time", and the main purpose was to ensure market stability and balance and make oil prices reach a level acceptable to
all parties.
Egypt's "Financial Network" analyzed on October 17 that "OPEC+" collectively spoke out on its decision to reduce production, aiming to maintain its oil price interests and play interest games with buyers as the supplier of oil materials
.
"Deutsche Welle" quoted experts on the same day as saying that the punishment methods listed by US politicians for Saudi Arabia are almost impossible to achieve, and the White House can only choose a relatively minor measure that can save face
.
Karen Yang, a scholar at Columbia University's Center for Global Energy Policy Studies, told CNN that for the United States, it is dangerous and short-sighted to continue to deteriorate US-Saudi relations, so the US military is unlikely to fully withdraw its troops from Saudi Arabia
.
The Washington Post warned that if the Biden administration finally passes the "nuclear option" - the "anti-oil production and export cartel bill" and sues OPEC members for "price manipulation" with it, it may lead the latter to retaliate by dumping some of its financial assets in the United States, and "the United States will pay a high price"
.