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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

OPEC+ may further cut oil production following Russian price cap

  • By Al Mayadeen English
  • Source: Agencies
  • 2 Dec 2022 14:49
2 Min Read

OPEC and its allies are to meet on December 4 to come to a verdict.

  • x
  • Oil Prices Rise Ahead of OPEC+ Meeting
    OPEC+ - or OPEC and its allies - have been working to cut oil production due to the uncertainty of the market.

Major oil producers will adhere to their current output strategy and even cut down oil production further in their coming meeting on Sunday amid falling oil prices, a coming Russian oil price cap, and sanctions.

The last time OPEC convened in October, a decision spearheaded by Saudi Arabia and Russia cut oil production by 2 million barrels per day starting November. 

The OPEC+ oil production reduction is the most substantial cut since the COVID-19 pandemic peak in 2020. 

EU and Australia, in addition to G7 countries, also appeared close to agreeing on $60 dollar-a-barrel price cap for Russian oil on Thursday.

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An Iranian source told AFP on Thursday that OPEC should vote for a "rollover of the previous decision" to cut 2 million barrels per day, contending that the market is "very uncertain" due to European sanctions on Russian energy.

Read next: US re-evaluating ties with KSA following OPEC+ decision: WH

In November, OPEC wrote in a report that "the world economy has entered a period of significant uncertainty and rising challenges in the fourth quarter of 2022.

"Downside risks include high inflation, monetary tightening by major central banks, high sovereign debt levels in many regions, tightening labor markets, and persisting supply chain constraints."

This report came before OPEC+ are set to convene on December 4 to set policies on their agenda.

The US is concerned that OPEC's probable decision to reduce oil production will pose serious problems for the country and may even be interpreted as a hostile act, according to a US Treasury report. The Biden administration assembled its top energy, economic, and foreign policy officials and entrusted them with lobbying Middle East allies, such as Saudi Arabia, the United Arab Emirates, and Kuwait to vote against decreasing oil production.

  • OPEC+
  • Russia

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