A few days ago, at the Conference of the Group of “OPEC+” held by Saudi Arabia, the member states came to a decision to increase the amount of daily oil production by 100,000 bbl since this September.
100,000 bbl is an insignificant amount for “OPEC+”, a large group of oil producing and exporting powers, whose daily oil production reaches up to as much as tens of millions of barrels.
The United States is the very country which was put into the most embarrassed position after the announcement of the decision.
It was only one month ago when the U.S., in desperation to stabilize the oil price which skyrocketed since the Ukrainian situation, put pressure on the Mediterranean Arab countries to increase oil production by sending its high-ranking officials. Not content with this, even the U.S. President personally engaged himself to do so.
Only recently, the U.S. President clamored to isolate Saudi Arabia from the international society, labelling it as a “pariah”. When he visited Saudi Arabia, he looked upon this fact with indifference and made a coercive demand on the Crown Prince to increase oil production. He even boasted that he will see a positive result at the Conference of the Group of “OPEC+” which was going to be held two weeks later.
However, the decisions of the conference went against hope and expectation of the U.S., an arrogant state. The Western experts laughed at Biden because his loud-mouthed boasting turned out to be empty words.
The reality vividly shows once again that high-handedness and arbitrariness of the U.S. can never be a multi-purpose solution.
Yang Myong Song
Secretary General of Korea-Arab Association
More From Ministry of Foreign Affairs (EN)
Kim Jong Un , president of the State Affairs of the Democratic People’s Republic of Korea, sent a message of greeting to Bashar
November 16, 2024
Kim Jong Un , president of the State Affairs of the Democratic People’s Republic of Korea, sent a message of greeting to Bashar
In a rousing period when the overall development of the DPRK is witnessing an extraordinary growth and the country is advancing dy
November 16, 2024
In a rousing period when the overall development of the DPRK is witnessing an extraordinary growth and the country is advancing dy
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea (DPRK), sent a
November 15, 2024
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea (DPRK), sent a
The Russian Federation ratified the treaty on the comprehensive strategic partnership with the Democratic People’s Republic of
November 14, 2024
The Russian Federation ratified the treaty on the comprehensive strategic partnership with the Democratic People’s Republic of
World people can hardly refrain expressing their wonder and envy as it has become a custom and law for people to enjoy civilized
November 14, 2024
World people can hardly refrain expressing their wonder and envy as it has become a custom and law for people to enjoy civilized
Confrontation moves against Russia by EU and the west go unabated. Recently, EU and the West adopted resolutions one after
November 12, 2024
Confrontation moves against Russia by EU and the west go unabated. Recently, EU and the West adopted resolutions one after
The "Treaty on Comprehensive Strategic Partnership between the Democratic People’s Republic of Korea and the Russian
November 12, 2024
The "Treaty on Comprehensive Strategic Partnership between the Democratic People’s Republic of Korea and the Russian
On October 26, Israel committed military attack against Iran. In this regard, the international community is raising their voice o
November 12, 2024
On October 26, Israel committed military attack against Iran. In this regard, the international community is raising their voice o
Russian foreign minister Sergei Lavrov, on November 4, revealed in a forum that the Anglo-Saxons intend to push the European
November 11, 2024
Russian foreign minister Sergei Lavrov, on November 4, revealed in a forum that the Anglo-Saxons intend to push the European
The “Wall Street Journal” recently commented that the Western intelligence services have no control over China’s spying activities
November 11, 2024
The “Wall Street Journal” recently commented that the Western intelligence services have no control over China’s spying activities
Comrade Kim Tok Hun, Primer of the Cabinet of the Democratic People’s Republic of Korea (DPRK), sent a message of
November 10, 2024
Comrade Kim Tok Hun, Primer of the Cabinet of the Democratic People’s Republic of Korea (DPRK), sent a message of
Comrade Choe Son Hui, Foreign Minister of the Democratic People’s Republic of Korea (DPRK), sent a message of congratulations to
November 10, 2024
Comrade Choe Son Hui, Foreign Minister of the Democratic People’s Republic of Korea (DPRK), sent a message of congratulations to
Respected Comrade Kim Jong Un , General Secretary of the Workers’ Party of Korea and President of the State Affairs of the
November 10, 2024
Respected Comrade Kim Jong Un , General Secretary of the Workers’ Party of Korea and President of the State Affairs of the
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea sent a message of
November 09, 2024
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea sent a message of
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People’s Republic of Korea (DPRK), and her party returned
November 07, 2024
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People’s Republic of Korea (DPRK), and her party returned
Chairman Kim Jong Il , in his life time, had built deep and friendly relations with Russian friends and bestowed endless love and
November 07, 2024
Chairman Kim Jong Il , in his life time, had built deep and friendly relations with Russian friends and bestowed endless love and
Respected Comrade Kim Jong Un , General Secretary of the Workers’ Party of Korea and President of the State Affairs of the
November 06, 2024
Respected Comrade Kim Jong Un , General Secretary of the Workers’ Party of Korea and President of the State Affairs of the
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People’s Republic of Korea, on her official visit to the
November 06, 2024
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People’s Republic of Korea, on her official visit to the
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea received a reply
November 06, 2024
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea received a reply
The permanent mission of the Democratic People’s Republic of Korea (DPRK) to the United Nations released the following press
November 06, 2024
The permanent mission of the Democratic People’s Republic of Korea (DPRK) to the United Nations released the following press
More Articles
