People want
3 hours ago
The UAE's plan to ditch the oil producers' group OPEC and strike out alone is being viewed as a huge blow for the organization.
Nuha Yousef
4 years ago
The White House said that Saudi Arabia "could try to manipulate or divert attention, but the facts are clear," accusing the kingdom of "behaving in the wrong direction" by deciding to cut oil production.
Washington considers OPEC decision to reduce its oil production and then raise fuel prices, as a “hostile act” led by Saudi Arabia against the United States.
The OPEC+ decision to cut its oil production came as a shock to the United States and European countries, so Washington saw the decision as an explicit declaration of the organization's support for Moscow in its dispute with the West.
The Kingdom of Saudi Arabia Hinted at the Possibility of the OPEC Plus Group Reducing Oil Production Rates.
The United States and Western countries are still seeking to confront and limit the influence of the OPEC, after its importance as a weapon appeared, and its use against them during the October 6 war in 1973.