December 27, 2024
KCNA Ministry of Foreign Affairs (EN)

What Does Outcome of Conference of the Group of “OPEC+” Tell?

Date: 17/08/2022 | Source: Ministry of Foreign Affairs (EN) | Read original version at source

Air Koryo Themed Apparel
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)

Statute Book of People-First Principle

Statute Book of People-First Principle

The Socialist Constitution of the DPRK is a reliable legal guarantee, a powerful political weapon giving strong impetus to overall

December 26, 2024

The Socialist Constitution of the DPRK is a reliable legal guarantee, a powerful political weapon giving strong impetus to overall

U.S. Condemned for Gangster-like Act

U.S. Condemned for Gangster-like Act

As already known, the G7 and the EU decided to provide a loan of US$ 50 billion to Ukraine with the profits generated from

December 23, 2024

As already known, the G7 and the EU decided to provide a loan of US$ 50 billion to Ukraine with the profits generated from

Iran Denounces Hypocritical Acts of U.S. and West

Iran Denounces Hypocritical Acts of U.S. and West

Iranian officials denounced the hypocritical acts of the U.S. and the West who are engaged in high-handed and arbitrary practices

December 23, 2024

Iranian officials denounced the hypocritical acts of the U.S. and the West who are engaged in high-handed and arbitrary practices

Chairman Kim Jong Il Remembered in Russia

Chairman Kim Jong Il Remembered in Russia

Russian government, political parties and organizations held a memorial meeting in Moscow on December 16 on the occasion of the 13

December 21, 2024

Russian government, political parties and organizations held a memorial meeting in Moscow on December 16 on the occasion of the 13

More Miserable than Gutter Dogs

More Miserable than Gutter Dogs

The UN General Assembly adopted a resolution on designating December 18 as the International Migrants Day at the 55 th Session on

December 18, 2024

The UN General Assembly adopted a resolution on designating December 18 as the International Migrants Day at the 55 th Session on

The Last Day of His Life

The Last Day of His Life

There are so many great stories about great men around the world but nothing like the one about Chairman Kim Jong Il who carried

December 17, 2024

There are so many great stories about great men around the world but nothing like the one about Chairman Kim Jong Il who carried

Russian Foreign Minister Warns US and West against Rash Acts

Russian Foreign Minister Warns US and West against Rash Acts

The Russian Foreign Minister, in his recent interview with an American journalist, stressed that Russia will never accept any

December 16, 2024

The Russian Foreign Minister, in his recent interview with an American journalist, stressed that Russia will never accept any

DPRK Embassy in Moscow Hosts Reception

DPRK Embassy in Moscow Hosts Reception

The DPRK embassy in Moscow hosted a reception on December 12 on the occasion of the ratification of the Treaty on the

December 14, 2024

The DPRK embassy in Moscow hosted a reception on December 12 on the occasion of the ratification of the Treaty on the

Floral Tribute Paid to Statues of Great Leaders

Floral Tribute Paid to Statues of Great Leaders

Floral baskets in the name of the UN resident coordinator office and the missions of UNDP, UNICEF, UNFPA, FAO, WFP and WHO here

December 14, 2024

Floral baskets in the name of the UN resident coordinator office and the missions of UNDP, UNICEF, UNFPA, FAO, WFP and WHO here

Floral Baskets Sent to DPRK Embassy in Phnom Penh

Floral Baskets Sent to DPRK Embassy in Phnom Penh

Cambodian King Norodom Sihamoni and Great Queen Norodom Monineath Sihanouk on December 11 sent large floral baskets to the DPRK

December 14, 2024

Cambodian King Norodom Sihamoni and Great Queen Norodom Monineath Sihanouk on December 11 sent large floral baskets to the DPRK

Russian Ambassador to DPRK Hosts Reception

Russian Ambassador to DPRK Hosts Reception

Russian Ambassador to the DPRK Alexandr Matsegora hosted a reception on December 10 on the occasion of the ratification of the

December 11, 2024

Russian Ambassador to the DPRK Alexandr Matsegora hosted a reception on December 10 on the occasion of the ratification of the

More Articles