Saudi Arabia rejects statements critical of OPEC+ oil cut

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CAIRO — Saudi Arabia rejected as “not based on facts” statements criticizing the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections.

The OPEC+ decision was unanimous and took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday. (Reporting by Ahmad Elhamy and Moaz Abd-Alaziz; Editing by Jacqueline Wong)