Advantage Putin: OPEC makes deep oil cuts, White House calls it 'Aligning with Russia'

The OPEC+ on Oct 05 agreed to slash output by 2 million barrels of oil per day. Saudi Arabia, and Russia will make the biggest individual reductions. Both countries will be lowering output by 526,000 monthly barrels each. The White House called the decision ‘shortsighted’ and alleged that OPEC+ aligning with Russia. The announcement of a cut in oil production came less than 3 months after President Biden visited Saudi Arabia. President Biden directed the release of 10 mn barrels of oil from the US Strategic Petroleum Reserve. Experts believe this will add to global inflation and also gives Putin a ‘political win’ over the West. They also believe higher oil prices will help aid Russia continue its aggression in Ukraine.

#OPEC #Biden #Putin #OilPrices

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[ajay]

Europe has enjoyed long enough now, time to show these puny nations who together think world revolves around them and no one is that important like Europe in the world.
East, ME and Africa needs to come together to teach west a lesson so dreadful that it would not mess around killing people around the world in the name of democracy and human rights.

[ankitvidlogs]

US (to India): US-Pak relationship stands on its own merits
Saudi(to US): Arab-Russia relationship stands on its own merits.

[jaig]

The expert who blew up Nord Stream pipelines was looking for new jobs. OPEC has effectively tweaked him out.

[goutham]

Ukraine is in no mood of negotiations so its time for europe to suffer from high prices!

[baenbrando]

Let's US knows that they not really World power Country..US always think they are great n big power country..Now time to show who's PARiAH Country...Who's should be World Leaders Country's in World...

[mounishvishnujai]

😂😂😂😂 this is basically a big F*ck you to Biden and USA and mainly the West as a whole !!!! Hahahah I'm loving it even though my country too would be affected by this just as equally if not more....this is a looong time coming...it's about time we the rest of the world in our own way show the Americans their place... Finally !!!!

[gauravvvvv]

West Hypocrisy won't be tolerated for long

[mohamadazam]

Next kindly sell oil in other currencies.

[inkedia]

The world knows what America is upto...

[ishatpandey]

Do not mention Expert believe in because investment matters for opec+ country.

[tommyb]

Like the Saudi’s or the others in the world care what this Biden says.

[Gk-hhou]

Its time to shift to EV and do R&D more in this field. Because of these countries controlling the oil prices, we are suffering. EV is must for INDIA🇮🇳🇮🇳. NO ONE CAN BE TRUSTED whether is west or Middle east and Russia.

[naveenchaudhary]

*time to send my local aunties for bargaining in the oil market*

Bhaiya roj roj ati hoon, 20 sal se tel apke yahi se kharid rahi, discount to dena hoga

[QwkDraw]

I call it "The OPEC 'Snuggle' with Russia"!

[Ank-Tiw]

Gazab ka dimag hai, Oil production ko cut karke stability kaise ayegi, isse toe aur jada inflation badhega

[saurabhsarkar]

And the people suffer again! The greed of power and money never ends

[avtarsingh]

🤣🤣🤣🤣
USA is loosing its influence due to 2 weak presidents trump and sam

[SpinWave]

Really? You guys make insane amounts of money. You should be ashamed about your influence in the world. You are not a force of love. You care about getting richer ad richer while people struggles. Where is your moral compass?
The US and every powerful rich and billionaire human being in every country is not fighting for the people but fir their own wealth. People should stop believing that whatever is done by lawmakers is done in the name of democracy. They are just protecting the wealthy and their investments overseas.

[eugenebrown]

we have the power and technology to do so stand until victory

[awcsuicidesquad]

🇺🇸🏴‍☠️ Good for OPEC they should use a complete oil embargo. Just like the Martyr Faisal bin Abdulaziz Al Saud 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, proclaimed an oil embargo.
Faisal bin Abdulaziz Al Saud was a Saudi Arabian statesman and diplomat who was King of Saudi Arabia from 2 November 1964 until his assassination in 1975.
The believers fight for the cause of God. The unbelievers fight for the cause of the Satan. So fight against the friends of Satan for the evil plans of Satan are certainly weak. (4:76)