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
Al Mayadeen's correspondent: IOF preventing ambulance crews from reaching injured in Khan Younis.
Al Mayadeen's correspondent in Gaza: Strikes on northern Gaza have increased in intensity in past hours.
Al Mayadeen's correspondent: 22 martyrs in Gaza since morning.
Iranian Foreign Minister Abbas Araghchi: When our right to enrich is denied, this is an imposition of hegemony, and our policy rejects Western hegemony.
President al-Mashat: Our armed forces, represented by our air defenses, will soon turn the Zionist enemy’s aircraft into a subject of ridicule.
President al-Mashat: Good news about the Zionist enemy’s aircraft used in aggression against our country will reach you soon, God willing.
President al-Mashat: Our armed forces will be able to deal with hostile Zionist aircraft without causing any harm to air or maritime navigation.
President al-Mashat: To ensure the safety of airliners, they must avoid navigating along the routes used by the Zionist entity to carry out aggression against our country.
Yemeni President Mahdi al-Mashat: For the safety of air and maritime navigation in areas where our armed forces operate, we have directed that the routes used by the Zionist enemy to attack our country be designated as dangerous.
Hamas official says despite this, Hamas leadership is currently undertaking a thorough review of the new proposal

Iraq rejects exerting pressure policy, supports OPEC+ decision

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Oct 2022 10:13
  • 1 Shares
4 Min Read

Iraqi Foreign Ministry says it rejects any policy aimed at exerting pressure and supports the position of OPEC+.

  • x
  • The Iraqi Foreign Ministry
    The Iraqi Foreign Ministry

Iraq calls for dialogue in order to resolve differences that have arisen in connection with the OPEC+ decision to cut oil output and rejects the policy of pressure on the alliance's countries, according to an Iraqi Foreign Ministry statement obtained by Sputnik.

"The Iraqi Foreign Ministry rejects any policy aimed at exerting pressure and supports the position of OPEC, including Saudi Arabia," the statement read.

The Ministry emphasized that within the organization, a "technical point of view related to stability in the oil markets, their requirements, organization of the supply and demand process, protection of the interests of consumers and producers" is expressed.

"In this regard, the Foreign Ministry calls for the resolution of all differences in connection with this problem through natural methods in the context of a balanced direct dialogue, taking into account the importance of international cooperation in efforts taken for security and stability in the region and the world," the Iraqi statement indicated.

Earlier, the Iraqi Foreign Ministry pointed out that Iraq would cut oil production by 220,000 barrels per day as part of a new OPEC+ deal.

In recent days, the 13-nation OPEC+ and its 10 allies infuriated the White House by resolving to cut production by two million barrels per day beginning in November, fueling fears that oil prices may spike.

Following the decision, US President Joe Biden vowed that "there will be consequences" for US relations with Saudi Arabia.

Prior to the decision, US officials reached out to their counterparts in Saudi Arabia and other Gulf producers with an appeal to delay the decision, according to people familiar with the conversations. However, the answer was nothing else than a resounding "no".

Related News

US citizens don't trust traditional media, still use them: WashPo

Cuba accuses US envoy of violating diplomatic norms, issues warning

Biden, according to National Security Council Spokesperson John Kirby, believes that the US should examine its relationship with Saudi Arabia in light of the OPEC+ decision "and take a look to see if that relationship is where it needs to be and that it is serving our national security interests." Kirby stated that the US President was willing to meet with members of Congress to discuss the bilateral relationship.

Read more: US proposes to stop arms sales to KSA as comeback for OPEC+ support

Saudi King: We aim to support stability of global oil markets

On its part, Saudi Arabia has rebuffed US accusations that it is aligning itself with Russia during the war in Ukraine by cutting oil production to boost crude prices, insisting that it was purely a business decision and affirming "its rejection of any dictates, actions, or efforts to distort its noble objectives to protect the global economy from oil market volatility."

A statement from the Ministry of Foreign Affairs regarding the statements issued about the Kingdom following the OPEC+ decision. pic.twitter.com/Bo7JVPDzFo

— Foreign Ministry 🇸🇦 (@KSAmofaEN) October 12, 2022

A couple of days ago, Saudi King Salman bin Abdulaziz Al Saud stressed that his country was "working hard, within its energy strategy, to support the stability and balance of global oil markets."

Similarly, Saudi Defense Minister, Prince Khalid bin Salman, tweeted: "We are astonished by the accusations that the kingdom is standing with Russia in its war with Ukraine." 

"It is telling that these false accusations did not come from the Ukrainian government," Prince Khalid wrote. "Although the OPEC+ decision, which was taken unanimously, was due to purely economic reasons, some accused the kingdom of standing with Russia."

We are astonished by the accusations that the kingdom is standing with Russia in its war with Ukraine. It is telling that these false accusations did not come from the Ukrainian government. https://t.co/YIz441YinT

— Khalid bin Salman خالد بن سلمان (@kbsalsaud) October 16, 2022

Saudi Arabia has enraged Washington by deciding to cut production by two million barrels per day beginning in November, putting additional pressure on already-high crude prices.

Riyadh has justified the proposed output cuts by arguing that the "objective of OPEC+ is to keep a sustainable oil market."

  • United States
  • OPEC
  • Iraq
  • US
  • OPEC+
  • Saudi Arabia

Most Read

US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Iran advisor reveals details of US-Iran nuclear talks to Al Mayadeen

Iran advisor reveals details of US-Iran nuclear talks: Al Mayadeen

  • MENA
  • 24 May 2025

Coverage

All
War on Gaza

Read Next

All
Doctors weigh a Palestinian baby at the Médecins Sans Frontières (MSF) clinic in Muwasi, near Khan Younis in the southern Gaza Strip, Tuesday, April 8, 2025 (AP)
Health

US-Israeli Gaza aid plan is catastrophic, inhumane: MSF

Smoke rises following an Israeli airstrike on Latakia governorate on May 30, 2025 (Social media)
Politics

Israeli airstrikes hit military targets across western Syria

An Iranian security official in protective clothing walks through part of the Uranium Conversion Facility just outside the Iranian city of Isfahan, March 30, 2005. (AP)
Politics

US, E3 to push IAEA to declare Iran in breach of nuclear commitments

A Syrian soldier closes the gate of a military base on the outskirts of Harasta, near Damascus, Syria, Saturday, May 3, 2025 (AP)
Politics

Syrians expel Israeli patrol in Quneitra amid rising tensions

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