Chairman of the United States Senate Foreign Relations Committee Bob Menendez called on Monday for a “freeze” on cooperation with Saudi Arabia after Saudi-led OPEC+ announced an oil production cut last week despite pressure from the US.
The Saudi-led OPEC+ grouping agreed to cut output by an amount equal to about 2 percent of global supply, curbing production in a tight market and raising the possibility of higher gasoline prices as Washington seeks to limit Russia’s energy revenue after its invasion of Ukraine.
