Biden vowed 'consequences' for Saudi Arabia after oil production cut. But the U.S. has no plans to follow through.

Biden vowed 'consequences' for Saudi Arabia after oil production cut. But the U.S. has no plans to follow through.

Nearly two months after President Joe Biden vowed "there will be consequences" for Saudi Arabia’s actions to cut oil production, the U.S. is not actively considering any significant retaliatory actions against the kingdom.

Biden vowed ‘consequences’ for Saudi Arabia after oil production cut. But the U.S. has no plans to follow through.

[ad_1] Nearly two months after President Joe Biden vowed there will be consequences for Saudi Arabia’s actions to cut oil production, the U.S. is not actively considering any significant retaliatory actions against the kingdom, according to two U.S. officials. U.S. and Saudi relations hit a low point after Saudi Arabia pushed OPEC members to cut oil production by 2 million barrels per day at their Oct. 6 meeting. But since then gas prices have n…