The kingdom's defense minister, Prince Khalid bin Salman, also said the Oct 5 decision to reduce output by 2 million barrels per day - which was taken despite oil markets being tight - was unanimous and based on economic factors<\/span><\/figcaption><\/figure> OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war of words with Riyadh, claimed Saudi Arabia had coerced some other nations into supporting the move.
Washington noted on Thursday that the cut would boost Russia's foreign earnings and suggested it had been engineered for political reasons by Riyadh, which on Sunday emphatically denied it was supporting Moscow in its war with Ukraine.
<\/div><\/div>The kingdom's defense minister, Prince Khalid bin Salman, also said the Oct 5 decision to reduce output by 2 million barrels per day - which was taken despite oil markets being tight - was unanimous and based on economic factors