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
Israeli occupation army: A sergeant from the 614th Combat Engineering Battalion was killed in the northern Gaza Strip on Thursday.
Israeli media: The government has approved the agreement that includes the release of hostages and Palestinian detainees amid divisions within the ministerial council.
European-Mediterranean Seismological Centre: The earthquake hit at a depth of 58 kilometers, warning of potentially hazardous tsunami waves.
European-Mediterranean Seismological Centre: A 7.4-magnitude earthquake strikes the Mindanao region in the Philippines.
Cuban Foreign Ministry: The clear objective of this escalation is to overthrow the constitutional government of President Nicolás Maduro and install a Washington-aligned authority.
Cuban Foreign Ministry: We warn against the growing escalation by the United States against the Bolivarian Republic of Venezuela.
Al Mayadeen's correspondent: Venezuela's request comes in response to the escalation of aggression and the unprecedented US military deployment in the Caribbean.
Al Mayadeen's correspondent: The Venezuelan government has officially requested an emergency meeting of the UN Security Council.
Al Mayadeen's correspondent: Israeli artillery shells the northwest of Nuseirat Camp in central Gaza Strip.
Israeli media: The ceasefire has come into effect.

Peskov: OPEC+ production cut is a victory for common sense, not Russia

  • By Al Mayadeen English
  • Source: Agencies
  • 9 Oct 2022 14:37
3 Min Read

The oil organization's decision pokes a giant hole in Washington's attempt to manipulate the oil prices at its own guise.

  • x
  • Kremlin spokesman Dmitry Peskov
    Kremlin spokesman Dmitry Peskov

Kremlin spokesman Dmitry Peksov made a number of statements on Sunday regarding OPEC+'s decision to cut oil production output and the future of Europe's economy. 

Peskov said that the recent development is a victory for common sense rather than for Russia, referring to OPEC+'s decision earlier this week to cut oil production by 2 million barrels a day starting in November. Production levels agreed on in August will be a reference point, according to the deal. 

"I am not inclined to say that it is our victory. No. It is a victory of common sense," Peskov said, remarking that Washington has begun losing self-restraint over OPEC+'s decision.

Washington has been attempting to implement a price cap on Russian oil, implement hawkish sanctions against Moscow, and manipulate its own oil reserves - however, the organization's decision pokes a giant hole in their prospect.

Peskov noted that the European Union pays hefty amounts of money to the United States for gas, which deprives the European economy of competitiveness; energy resources in Europe within the next 10-20 years will be a sad situation, according to Peskov. 

Related News

Putin welcomes Gaza ceasefire deal, urges diplomacy

Western components found in Russian weapons: Zelensky

High gas prices due to Washington's incompetency

Responding to Washington's furious reaction that OPEC+, Saudi Minister of State Adel Al-Jubeir pointed to Washington's incompetency in dealing with the high prices at home. 

"With due respect, the reason you have high prices in the United States is because you have a refining shortage that has been in existence for more than 20 years. You haven't built refineries in decades," said Adel Al-Jubeir speaking to Fox News on Friday. 

Al-Jubeir pointed at US President Joe Biden for the high gas prices, saying that Washington should have been extracting more oil from US wells, increasing fuel production at home. 

"Oil is not a weapon. It's not a fighter plane. It's not a tank. You can't shoot it. You can't do anything with it. We look at oil as a commodity and we look at oil as important to the global economy in which we have a huge stake. The idea that Saudi Arabia would do this to harm the US or to be in any way politically involved is absolutely not correct at all," said Al-Jubeir. 

OPEC+ justified its decision by arguing that it was based on "the uncertainty that surrounds the global economic and oil market outlooks."

In a speech on Saturday, Biden scapegoated Russia and Saudi Arabia for rising food and oil prices in the United States: "Every kitchen table cost is going to go up, not down, and I realized costs are going up on food and I was able to bring gasoline down well over $1.60. But this is inching up because of what the Russians and the Saudis just did."

Read more: US inflation causes national outstanding debt to exceed $31 trillion

  • Russia
  • Ukraine
  • OPEC+
  • Dmitry Peskov
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025
President Donald Trump walks from Marine One after arriving on the South Lawn of the White House, Tuesday, Sept. 30, 2025, in Washington. (AP Photo/Alex Brandon)

Trump sets record-low refugee cap in new immigration policy shift

  • Politics
  • 4 Oct 2025

Coverage

All
In Five

Read Next

All
Displaced Palestinians watch smoke rise after Israeli military strikes as they gather on the coastal road near Wadi Gaza, in the central Gaza Strip, Thursday, October 9, 2025 (AP)
Politics

Israeli occupation bombs Gaza home, killing 4 and wounding 9

Israeli Prime Minister Benjamin Netanyahu and National Security Minister Itamar Ben-Gvir, right, visit the site of a shooting attack at a bus stop in al-Quds, Monday, September 8, 2025 (AP)
Politics

Ben-Gvir warns will topple Netanyahu’s govt over Hamas

Head of Hamas in Gaza Khalil al-Hayya speaks during an interview with AP, in Istanbul, Turkey, Wednesday, April 24, 2024 (AP)
Politics

Deal reached for permanent Gaza ceasefire, end to war: Al-Hayya

Yemeni Ansar Allah leader Sayyed Abdul-Malik al-Houthi during his speech on Thursday, Ocotber 9, 2025 (Yemeni Military Media)
Politics

Sayyed al-Houthi: Yemen on alert as Gaza ceasefire takes effect

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