These situations between America and Saudi Arabia have flourished due to oil. Due to the Corona epidemic, major oil producing countries have adopted a variety of strategies regarding the production of crude oil. But these strategies have worsened the situation in America. Despite a lot of requests from the US administration, the Crown Prince of Saudi Arabia is firm on his point. Biden took a big step under compulsion.
Saudi Arabia Crown Prince not listening to Joe Biden
Tension is being see in the relations between America and friend country Saudi Arabia. These situations between America and Saudi Arabia have flourished due to oil. Due to the Corona epidemic, the strategy adopted by the major oil producing countries regarding the production of crude oil has worsened the situation in America. Despite several requests from the US administration. The Crown Prince of Saudi Arabia is firm on the decision not to increase the supply of oil.
America made the announcement last Tuesday, exhaustingly.
That in order to reduce the price of petrol. It will release 50 million barrels of crude oil from its ‘strategic reserves’, so that it gives relief to the American people. It is believed that with this big step of America. There will be a significant increase in the supply of oil in the market.
Oil producing countries took a big decision during the Corona period
Significantly, for the last one and a half years, an agreement was reach between the Organization of the Oil Producing Countries (OPEC) and Russia (all together ‘OPEC Plus’). According to this agreement, the demand for oil decrease due to the Corona epidemic and the prices of oil were also reduce, after which these countries decide to reduce the production of oil. These major crude oil producing countries are trying to keep the market under control to increase the price of oil. Although, America has continuously requested these countries to increase oil production rapidly after the effect of the Corona epidemic subsided. But these countries have categorically refused to do so and said that they should gradually increase their production. Will increase slowly and in limited quantity.
Inflation in the US is heading towards a 30-year high.
And the price of gasoline is also increasing continuously. In the month of October, Biden said that oil producing countries like Russia and Saudi Arabia have decided not to pump more and more oil, due to which we are feeling the shortage of gasoline, this method is not right. US envoys have also repeatedly requested Saudi Arabia to increase the production of crude oil, but there does not seem to be any kind of diplomatic pressure on Saudi Arabia.
US President in trouble over oil issue
Significantly, Biden has not yet met Saudi Arabia’s Crown Prince Mohammed bin Salman. Biden may have spoken to the Saudi King, ie his father. But Biden has not yet dealt directly with the Crown Prince. According to reports, questions have raised about the role of the Crown Prince in the assassination of Washington Post journalist Jamal Khashoggi in the year 2018, and perhaps for this reason Biden has not spoken to the Crown Prince yet.