Chuck Schumer Condemns Saudi Arabia For OPEC+ Decision To Reduce Oil Production

Chuck Schumer Condemns Saudi Arabia For OPEC+ Decision To Reduce Oil Production

Senate Majority Leader Chuck Schumer (D-N.Y.) on Thursday condemned Saudi Arabia for participating in a decision by OPEC+ countries to cut the production of oil to boost prices.

Energy ministers of oil-exporting countries, including Saudi Arabia and Russia, on Wednesday decided to reduce production by 2 million barrels of oil per day starting next month, the Associated Press reported.

The decision is good news for Russian President Vladimir Putin given that higher prices of oil could help him fund his war in Ukraine. It could also challenge Europe’s united support for Ukraine as the continent faces a projected economic squeeze this winter.