The key Senate Democrat says he'll block cooperation with Saudi Arabia over its support for cuts in global oil production.
"I am horrified by Russia's depraved and desperate escalation against civilian infrastructure across Ukraine — including in Kyiv," Menendez said in the statement."I pledge to use all means at my disposal to accelerate support for the people of Ukraine and to starve Russia's war machine."
Bob Menendez, a Democratic senator from New Jersey, attends the 48th edition of Economic Forum of Cernobbio on September 2, 2022, in Cernobbio, Italy. Menendez said on Monday that the U.S. should curtail cooperation with Saudi Arabia over oil production cuts.OPEC Plus, a 23-member alliance of oil-producing countries, agreed last week in Vienna, Austria, to drastically restrict supply,back up in the U.S.
The cut is the largest OPEC Plus has announced since 2020. Russia will not reduce any of its oil production and will instead benefit from higher prices caused by less supply, according to Oilprice.com. Most of the reduction in output will come from Saudi Arabia, according to the news outlet.
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