US President Joe Biden promised “consequences” for Saudi Arabia, after a Riyadh-led coalition of oil-producing nations sided with Russia to slash output.
The 13-nation OPEC cartel and its 10 allies headed by Moscow angered the White House last week with its decision to cut production by two million barrels a day from November, raising fears that oil prices could soar.
“I’m not going to get into what I’d consider and what I have in mind. But there will be — there will be consequences,” he told CNN.
