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White House pushes back on Saudi claim oil cut was ‘purely economic’
The US said there was no real justification for Opecs decision to cut production. — Reuters pic

WASHINGTON, Oct 13 —The United States presented Saudi Arabia with an analysis showing there was no market basis to lower oil production before the Opec+ decision to cut output, a White House spokesman said today, pushing back against Riyadh's claims the output cut was "purely economic."

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"The Saudi Foreign Ministry can try to spin or deflect, but the facts are simple," White House spokesman John Kirby said in a statement in which he also said other nations in the oil cartel told the United States privately they "felt coerced to support Saudi's direction." — Reuters

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