US President Joe Biden, in an interview with CNN, promised Saudi Arabia “consequences for what they did with Russia,” referring to the OPEC Plus group’s decision last week to reduce oil production by two million barrels per day. The Saudi Energy Minister, Prince Abdulaziz bin Salman, denied the authenticity of reports about coordination between Saudi … Read more
I retreated oil pricesAs fears of a global economic slowdown overshadowed the risk of tightening crude supplies from “OPEC” and its partners. West Texas Intermediate crude settled near $89 a barrel, paring the gains made by crude last week in the wake of the decision by the Organization of the Petroleum Exporting Countries (OPEC) and … Read more
Deputy Speaker of the Lebanese Parliament, Elias Bou Saab, announced that Lebanon has received the final draft of an agreement brokered by the United States to demarcate Maritime Border with Israel Meet all requirements Lebanon It could soon lead to a “historic agreement”. “If all goes well, the efforts of Amos Hockstein It could lead … Read more
2022.10.11 3:35 Members Only Photo:Anadolu Agency/gettyimages WASHINGTON—The United States is poised to fight back after the Organization of the Petroleum Exporting Countries (OPEC), a coalition of major oil producers both inside and outside OPEC, has decided to cut oil production sharply. In addition to dismantling the OPEC-led oil cartel and filing a lawsuit with the … Read more
Dubai, United Arab Emirates (CNN) – Activists on social media circulated statements about Saudi Arabia by Mike Pompeo, the former US Secretary of State in the Donald Trump administration, and Adel Al-Jubeir, the Saudi Minister of State for Foreign Affairs. “We have the ability to help ourselves here in the United States of America, to … Read more
Dubai, United Arab Emirates (CNN) – Activists on social media circulated previous statements of the late Saudi Foreign Minister, Prince Saud Al-Faisal, in a speech to a meeting of the United Nations Council. Al-Faisal said in the circulating video: “We, the Arabs, in the Kingdom of Saudi Arabia do not renege on a promise … … Read more
(MENAFN– Al Wakeel News) News agent – The Kremlin spokesman said today, Thursday, that the decision of the OPEC + group of major oil producers to reduce production by two million barrels per day aims to stabilize the market.Spokesman Dmitry Peskov stated that by agreeing to the production cut, OPEC + confirmed its credibility as … Read more
(CNN) — US Secretary of State Anthony Blinken said that the US administration is studying “a number of response options” regarding US-Saudi relations after the OPEC Plus decision to reduce oil production. “In terms of moving forward with the relationship, we are reviewing a number of options to respond,” Blinken said during a press conference … Read more