US-Saudi relations suffered a huge setback after oil production cuts
Judging by the reaction on impulse, the production cuts announced by the OPEC+ on Wednesday, has clearly left the Biden administration of the US between the rock and a hard place. Not only did the US say that the decision was short-sighted, but also branded the move as 'the alignment of the OPEC+ with Russia'. The frustration of the US politicians over the move was palpable, indeed. it, more or less, transcends the political divide, which otherwise hardly see eye to eye on any other issue related to energy. Perhaps, in order to calm the waters, the bigwigs of the OPEC+ appeared to have gone into a less-explicit-mode, when it came to the number-crunching during the press conference that followed the monthly ministerial meeting of the organization; we could only guess the actual cut - anywhere between 1.1 to 2 million bpd. The announcement was a big blow to the US administration, especially when the mid-term elections are around the corner: on one hand, they decided to st