Russian President Putin and Saudi Crown Prince Mohammed bin Salman
During the last one month, the distance between Saudi Arabia and the United States has increased, while on the other hand, the governments of Russia and Ukraine, facing each other in the war, have thanked Saudi Arabia on different occasions.
At a time when Russia and Ukraine are at loggerheads and the Western world is against Russia, what is the meaning of Saudi Arabia's proximity to Russia and Ukraine and distance from the United States?
Saudi Arabia'United s politics or profit?
Joe Biden visited Saudi Arabia three months ago in July and the main purpose of this visit was to persuade Saudi Arabia to increase oil production.
Biden had asked Saudi Arabia to increase production, but a recent decision by Saudi-led Why did Saudi Arabia take American anger? Many experts are calling it a step taken only for profit.OPEC shows that Biden's visit had no effect on Saudi Arabia.US President Joe Biden and Saudi Crown Prince Mohammed bin Salman
According to Bill Cahill, senior fellow at the Center for Strategic and International Studies, "Saudi Arabia wants to do this to control oil prices and ensure that the country does not fall into recession."
While talking to the news agency Reuters, he said that "in terms of macroeconomics, this has been the worst year so far in recent years.
"They know it will anger America but they also have to manage the market."India's ambassador to Saudi Arabia, Talmiz Ahmed, also believes that the US wants to increase oil production for political reasons, but Saudi Arabia is making decisions purely based on the market.Speaking to YBC, he said, "Saudi Arabia says that OPEC Plus production is linked to market conditions, so when they feel that demand is low, they will cut their production." They don't want the production to be high and because of this the prices have come down.''
Saudi Arabia and the OPEC plus countries have predicted that the global economy is headed for recession and demand for oil may decline.
"The US wants to continue to increase production, this will bring down prices," says Talmiz Ahmed. Mid-term elections are going to be held in the United States in November, President Biden believes that if the prices rise, it may be difficult for him in the elections.It may also have a direct impact on US oil reserves. According to a report by the New York Times, Joe Biden has already authorized the withdrawal of large amounts of oil from the Strategic Petroleum Reserve, and these reserves are at their lowest level in four decades. In the event of a natural disaster such as a storm or war, the situation can become worse.
Recent history of US-Saudi Arabia relationsJuly 15, 2022: US President Joe Biden said during a recent visit to the Middle East that "Saudi Arabia understands our needs and hopes to take steps towards better relations in the coming weeks."
October 3, 2022: Ukrainian President Zelensky thanked Saudi Arabia for its role in the release of 215 Ukrainians.
October 5, 2022: The OPEC Plus meeting decides to cut oil production by 2 million barrels per day.
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