The Foreign Office issued a statement saying, “We acknowledge the concerns of the Kingdom of Saudi Arabia for avoiding market instability and safeguarding global economic stability.”
“Pakistan advocates a constructive approach on such challenges based on interaction and mutual respect,” the statement continued.
The statement said, “We reaffirm our long-standing, enduring, and fraternal connections with the Kingdom of Saudi Arabia.”
Opec+, the producer alliance made up of Opec and its partners, including Russia, decided earlier this month to cut back by two million barrels per day starting in November.
The decision to reduce output by two million barrels per day starting in November enraged the White House, and President Joe Biden threatened Saudi Arabia, the largest producer in OPEC, with “consequences.”
OPEC and its partners, including Russia, curtailed their supply last week for political reasons against the United States, but Saudi Arabia dismissed these unfounded charges.
The Saudi foreign ministry issued a statement saying, “Saudi Arabia has viewed the statements… which have portrayed the decision as the kingdom taking sides in international crises and that it was politically motivated against the United States.”
In addition, it stated that Saudi Arabia “would like to convey its unequivocal rejection of these assertions that are not founded on facts and which are based on portraying the OPEC+ decision out of its economic context.”
The country claimed that OPEC and its allies, referred to as OPEC+, made decisions “purely on economic grounds” and that its economic advice had been to reject requests to put off the production cut.
