Saudis Decided to Cut Oil Production After Biden Fist-Bump Summit

"Most reports citing White House insiders indicated that the objective of the Biden visit wasto convince Saudi leaders to increase oil supplies in order to lower prices. Biden has significantly damaged relations with Riyadh since taking over the presidency, almost immediately deteriorating the relationship by making one of his first acts in office delisting the Iran-backed Houthi insurgency in Yemen as a terrorist organization. Biden has also alienated Saudi Arabia and other Gulf nations with repeated, and failed, attempts to restore former President Barack Obama’s Iran nuclear deal, which resulted in windfall profits for the rogue Islamist government pouring into terrorist groups such as the Houthis and members of Iraq’s Popular Mobilization Forces (PMF).

Saudi impatience with the Biden administration came to a climax last week when the Saudi-led OPEC oil cartel and Russia agreed to a 2-million-barrel-a-day cut in oil production, likely to result in far higher gasoline and other oil fuel prices in the United States immediately before the midterm elections.... the OPEC+ production cut followed desperate pleas from the Biden White House to delay any production cuts for another month, which would result in price hikes occurring after the midterm elections.

MBS himself has lost patience with Biden and was “angered” by his attitude during the Riyadh visit in July – so much so that he lowered a proposed increase in oil production in August after Biden urged the country to encourage OPEC to pump more oil.... Prince Mohammed, who was upset that Mr. Biden went public with his private comments to the Saudi royal over Mr. Khashoggi’s death,” the Wall Street Journal reported, “which prompted Saudi officials to publicly contradict Mr. Biden’s characterization of their interaction.” Breitbart