At its monthly meeting this week, the OPEC cartel and its allies, which include Russia, moved to cut their combined daily production of crude oil by 2 million barrels per day (bpd). That’s about 2% of global oil output. OPEC+ produces around 40% of the globe’s crude.
It’s the largest reduction since a midpandemic cut in 2020, and comes just two months ahead of the European Union’s planned embargo on Russian oil.
It’s also an affront to US President Joe Biden, who this summer made a controversial visit to Saudi Arabia, OPEC’s largest oil-exporting nation and the group’s de facto leader.
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Come on, of course they choose a side. What are we even talking about here? These autocrats stick together, that's absolutely expected.
Charge cars with nuclear energy
With Russia could warm, but USA could fear from 2 faces.
Opec+, ASEAN, Pacific Islands, South America are sick of wars, especially US monger.
OPEC+ cartel = Mexican drug cartel..finally west is waking up and smelling its bitter coffee
We need to publicly get out of saudi Arabia,get back to being oil independent, , and tell iran we don't care if they attack saudi arabia.
Greed…. Greed…. and more Greed…. That is the only thing that drives human decisions and in consequence human self destruction!!
This American administration is its own worst enemy. The Biden White House cancelled a large fighter purchase by Saudi Arabia earlier after the deal had already been done. Saudis didn’t appreciate it and failure to mention that doesn’t make it go away.
Our friends? What ever Opec lead by Saudi says, no.
Fuel has always been a political issue and deeply intertwined with military actions.
Saudi has taken full advantage of the Ukraine war to lead OPEC into a massive hype of oil prices and is directly responsible for the very considerable current world wide inflation.
It's the middle and working classes of the world who must pay the price.
The only other beneficiaries are Putin and his henchmen.
"The DarkSide of Nato is making a Putin assassination scheme, it was prepared through Australia aimed at the BALI Summit" Nato Make Kanjuruhan Incident, Sambo Incident, In justice killing people just to divert the issue when every night the Australian F35 plane is pacing in Bali Air… and Bali doesn't have S400 Radar, S300 radar, Thaad Radar… so no aware of it
OPEC+ vs G7
China & India spectators
"Chosing"?
of course they are… Russian oils goes to OPEC…
OPEC is greedy
all west and allies need to cut out oil and gas
go eletric and hydrogen.
The entire world is fed up with the USA. And rightly so.
USA can do without whatever Arabs do USA steal can do we know how to invent
The word "chosing" is wrong. it must be "choosing"
with " either you're with us or against us" mentality, it's helpless to put sense in their head, just let washington brood over its own folly.
The U S sales gas to European countries in very high prices the OPEC can sales oil above today prices for the very reach countries like South Korea, Japan, U S, U K , Germany and many more European countries too U S do that why OPEC can't do
The USA sense of entitlement is appallingly
who cares what the us wants
OPEC is simply taking the side of the people that controls energy and the west is no longer the top-dog of energy production.
US and the collective west need to understand they need to start producing energy on their own and don't be dependant on others. The countries that controls energy, controls the world, and the west no longer controls energy.
Primarily because of US elections in November.
Sometimes OIL CARTEL and Sometime OIL FREINDS…
Mind Begs the Question:
NATO,Corporates capable to Boycott
Russia over Ukraine/Forced Dollar
NATO,Corporates not capable to Boycott
China over Concentration Camps?
Because Russia and Saudi Arabia are trying to hurt Biden and the democrats. Russia doesn't like Biden giving Ukraine all this money and equipment to beat them in the war, and MBS doesn't like that the US acknowledge him as the culprit in the murder of that journalist. So they're going to try and hurt all of us at the pump. This is what happens when you do business with bad guys. But when the bad guys have the resources we have no choice but to either abide by what they do or take a stand and pay a price.
Putin and the Saudis know Republicans are easy to buy , they already own most of them . MBS gave Jared 2 billion , what did MBS get in exchange ?
It’s simple !! World wide countries don’t want to get involved in this war but almighty USA will let u pick a side. And like the old folks said, it’s dangerous to be an enemy of US but fatal to be its friend.
Why don’t the US drill it’s own oil. What kind of game is America playing with the world
President Biden openly accused MBS of murder. What did you expect?
Most of the interviews on this channel are like:
Presenter: And we have brought on this expert to explain this complicated and important topic
[Expert starts talking]
Presenter: That's all the time we have sir, we were hoping for a ten second soundbite for Tik Tok.
West is now demonizing East
A while back these countries were villanising hydrocarbons and countries producing hydrocarbons
Dictators flock together! Ask China!
U germans have no self respect
Europe should price cap on USA oil & gas cos they destroy Nordstrem pipeline.
Let's take a closer look: OPEC are Saudi Arabia, UAE, Iran, Iraq, Libia, Kwait, Nigeria, Angola, Gabon, Congo, E.Guinea and Venezuela. It'd come as no surprise if they align with Russia…
Bravo to OPEC+ keep moving forward
We all should worry
When is Green Day?