Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Rubio: 'Very short window', maybe days, for Hamas to accept deal
Al Mayadeen correspondent to southern Lebanon: Israeli warplanes launched a raid on the Ksar Zaatar neighborhood in western Nabatieh.
Al Mayadeen's correspondent in Gaza: The tower destroyed by the Israeli occupation in Gaza includes media offices, including Al Mayadeen's bureau.
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City

Riyadh supports OPEC+ agreement that includes Moscow

  • By Al Mayadeen English
  • Source: Agencies
  • 23 May 2022 07:55
2 Min Read

Saudi Arabia will not be appeasing the US' demands.

  • x
  • Riyadh supports OPEC+ agreement that includes Moscow
    Oil production has become a critical factor in world stability

As Europe grapples with an energy crisis after the Ukraine war, Saudi Arabia is hoping that an OPEC+ deal will include Russia, according to Riyadh's energy minister Abdulaziz bin Salman.

On Sunday, bin Salman divulged to the Financial Times that Riyadh is hoping "to work out an agreement with OPEC+... which includes Russia," insisting the "world should appreciate the value" of oil producers' alliance. 

Although the minister said it's too early to predict the details of the agreement, OPEC+ will increase production "if the demand is there."

The lack of global refining capacity and taxes are responsible for the rising prices, according to the minister, who recommends that governments need to encourage the industry to invest more in hydrocarbons. 

Related News

China, US reach framework agreement on TikTok

Trump plans $15 bln defamation lawsuit against New York Times

"This situation needs people to sit together, focus, take out the masquerade and the so-called political correctness," Abdulaziz bin Salman said, pointing out that "for the last three years, the whole world lost around 4mn barrels of refining capacity, 2.7mn of them just from the beginning of Covid."

Earlier this May, the OPEC+ alliance decided to stick to the oil output cut deal and increase production only by 432,000 barrels a day in June. 

According to Secretary-General of the OPEC alliance Mohammad Barkindo, it isn't possible for OPEC+ members to replace Russian oil exports of more than 7 million barrels a day.

Western media attributes Saudi's refusal to increase oil production to deteriorating relations between Riyadh and Washington. 

Read more: Biden rebuffed, US relations with Saudi and UAE hit new low

Biden, until now, has refused to meet with MBS for a number of reasons: mainly the killing of Saudi journalist Jamal Khashoggi, and Riyadh's refusal to increase oil production upon Biden's request. The request, particularly, was to exchange increased oil production for US military support in Yemen, to which he was denied. 

  • Saudi Arabia
  • Russia
  • OPEC+
  • Crude oil
  • United States

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
President Nicolas Maduro gestures to supporters during the inauguration of a monument in China's honor on the 80th anniversary of the end of World War II, in Caracas, Venezuela, Wednesday, September 3, 2025 (AP)
Politics

Maduro warns of threats, urges 'battle for truth' to defend Venezuela

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, Wednesday, Sept. 10, 2025. (AP Photo/Jon Gambrell)
Politics

Netanyahu informed Trump before deadly attack in Doha: Reports

Israeli Prime Minister Benjamin Netanyahu and US Secretary of State Marco Rubio hold a joint press conference at the Prime Minister's Office, during Rubio's visit, in occupied al-Quds, occupied Palestine, Monday, September 15, 2025 (AP)
Politics

Netanyahu warns of Israeli isolation, calls to boost self-reliance

Spain axes €700Mln arms deals with 'Israel' over Gaza genocide
Politics

Spain axes €700Mln arms deals with 'Israel' over Gaza genocide

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS