Saudi minister says bitterness with U. S. Improve

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The United States and Saudi Arabia will triumph over the recent rupture of relations created through the OPEC group’s resolution to reduce its oil production target from 2020 as much as possible, according to Saudi Investment Minister Khalid al-Falih.

“If you take a look at appointments with the human side, the business side, the education system, you see our establishments working together. We are very united and will triumph over this recent dispute which, in my opinion, is unjustified,” al-Falih said. , who was Saudi energy minister when OPEC was founded, told Reuters at the Future Investment Initiative (FII) forum in Riyadh.

There will be consequences for Saudi Arabia for its resolve with Russia to lead OPEC toward a deep cut in oil production, US President Joe Biden told CNN in an interview a week after the OPEC meeting.

Saudi Arabia, for its part, issued a statement expressing “total rejection” of Biden’s and Washington’s emails regarding the decision.

This week, Saudi Arabia is the FII Forum, dubbed “Davos in the desert” by the Saudis, with the participation of many U. S. financial executives. JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon said.

However, no Biden management officials were noted at the forum on Tuesday, Reuters reports. But Jared Kushner, former senior aide to former President Donald Trump, attended and is one of the guest speakers at the event.

By Michael Kern for Oilprice. com

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