The Mystery of Ephraim

OPEC Members Line Up To Back Oil Production Cut After US Claims Against Saudi Arabia

ZeroHedge by Tyre Durden ~ October 18, 2022 // Global Upfront ~ October 18, 2022

OPEC+ member states lined up on October 16 to endorse a steep production cut agreed upon this month following accusations from top Biden administration officials against the Saudi government.

Iraq, the second-largest producer in OPEC, said the move was based on economic indicators and done unanimously.

“There is complete consensus among OPEC+ countries that the best approach in dealing with the oil market conditions during the current period of uncertainty and lack of clarity is a pre-emptive approach that supports market stability and provides the future the guidance it needs,” Iraq’s state oil agency said in a statement.

Oman and Bahrain also said in separate statements that OPEC+ had been unanimous in deciding on the 2 million barrels per day reduction several weeks ago. Algeria’s energy minister called the Oct. 5 decision “historic,” and he and OPEC Secretary General Haitham Al Ghais, currently visiting Algeria, expressed their full confidence in it, Algeria’s Ennahar TV reported.

Those statements came after White House and Pentagon spokesman John Kirby accused Riyadh of pushing other countries into making the oil production cut during the last OPEC meeting.

“The Saudi foreign ministry can try to spin or deflect, but the facts are simple. The world is rallying behind Ukraine in combating Russian aggression,” Kirby said in a statement last week, claiming that “more than one” member of OPEC+ disagreed with the oil production cut. He didn’t provide examples, however.

But the Saudi kingdom rejected those allegations, saying that those statements “are not based on facts” and that it had made its decision “purely on economic considerations.”

“The government of the kingdom clarified through its continuous consultation with the US administration that all economic analyses indicate that postponing the OPEC+ decision for a month … would have had negative economic consequences,” the Saudi energy ministry stated last week.

And here’s a prophecy from the Scriptures:

“All your lovers have forgotten you; they no longer care for you anymore. I have wounded you as an enemy would. I have punished you as the cruel would, because your guilt is so great, because your sins are so many” Jeremiah 30:14.

“Behold, therefore I will gather all thy lovers with whom thou hast taken pleasure, and all them that thou hast loved, with all them that thou hast hated. I will even gather them round about against thee and will uncover thy nakedness unto them, that they may see all thy nakedness” Ezekiel 16:37

~ by Joel Huan on October 22, 2022.

Posted in Ephraim, Globilisation, OPEC, Russia, US