OPEC+ countries support Riyadh.
Following the escalation of the war of words between Washington and Riyadh on how to reach an agreement in OPEC+, several member countries of this oil cartel supported Saudi Arabia.
The members of OPEC+ adopted positions today Sunday in support of the plan to drastically reduce oil production, which was approved by this oil cartel a few days ago.
The announcement of the approval of this plan by OPEC+ with the support of Riyadh caused the White House’s strong anger, especially against Saudi Arabia, which considered it an ally and an agent protecting its interests. Washington claimed that Riyadh has pressured other countries to go along with this plan, which actually ends up being to the detriment of Washington and to the benefit of Russia due to raising the price of oil.
According to “Reuters” news agency, Iraq, the second largest OPEC oil exporter, announced that this decision was made unanimously by OPEC+ based on economic indicators.
Iraqi Oil Marketing Organization (SOMO) announced in a statement: “There was a complete consensus among the OPEC+ countries that the best approach to address the oil market conditions in the current period full of uncertainty and lack of transparency is the approach It is a preventive measure that supports the stability of the market and provides the necessary guidance for the future.
Oman and Bahrain also announced in separate statements that the OPEC+ organization, which includes other major oil producers including Russia, unanimously decided to approve the reduction of two million barrels of oil production per day.
