Khashoggi death - USA principles vs Saudi oil and the petrodollar

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  • AMERICAN NEWS
  • Nov 22, 2022

Saudi Arabia blasts anonymous report that they are boosting oil production after MBS immunity deal​

"The current cut of 2 million barrels per day by OPEC+ continues until the end of 2023 and, if there is need to take further measures by reducing production to balance supply and demand, we always remain ready to intervene," the energy minister said.
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Saudi Arabia blasts anonymous report that they are boosting oil production after MBS immunity deal


A report issued by the Wall Street Journal, stating that Saudi Arabia is considering a boost in their oil production after the Biden administration came out in support of newly appointed Prime Minister Crown Prince Mohammed bin Salman's immunity against culpability in the murder of journalist Jamal Kashoggi, has been refuted by the Saudis.

Saudi Arabia, which in the lead-up to the US midterm elections refused to comply with the Biden administration's ask for an increase in their oil supply, instead declaring OPEC's intention to cut production, said again that cuts, and not increases, were on the table. The cost of oil rose on Tuesday, in response to this news.

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(they) made some money on that lie. everything oil crashed about 6 to 10 percent -- then same day snapped all the way back. add 30 times leverage = not a bad day
 
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