Skip to Content

Saudi, UAE back OPEC cuts as US envoy warns of ‘uncertainty’

KIFI

By JON GAMBRELL
Associated Press

ABU DHABI, United Arab Emirates (AP) — Saudi Arabia and the United Arab Emirates are defending a decision by OPEC and its allies to cut oil production. The development came on Monday at a conference in the United Arab Emirates — even as an American envoy warned of “economic uncertainty” ahead for the world. The comments at the Abu Dhabi International Petroleum Exhibition and Conference show the stark divide between the U.S. and Gulf Arab countries it supports militarily in the wider Middle East. Saudi Arabia’s energy minister said about the decision that was met with applause at the conference: “We don’t owe it to anybody but us.”

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content