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bkuc Oil continues slide as US crude stockpiles surge
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CAIRO:Saudi Arabia rejected as quot not based on facts quot criticism of an OPEC+ decision last week to cut its oil production target despite US objections, and said Washington 39 s request to delay the cut by a month would have had negative e adidas original conomic consequences.The OPEC+ decis air force ones ion was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday.US airforce President Joe Biden pledged earlier this week that quot there will be consequences quot for US relations with Saudi Arabia after OPEC+ said last week it would cut its oil production target by 2 million barrels per day.OPEC+, the producer group comprising the Organisation of the Petroleum Exporting Countries (OPEC) plus allies including Russia, announced its new production target after weeks of lobbying by US officials against such a move.The OPEC+ cut has raised concerns in Washington about the possibility of higher ga
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