Was OPEC's decision to cut oil production purely economic? - opinion

Neither Saudi Arabia nor Russia can claim that the decisions taken at the OPEC+ meeting on October 5 were purely economic.

OPEC SECRETARY-GENERAL Haitham Al Ghais, of Kuwait, speaks at the Africa Energy Week conference in Cape Town, last month.

OPEC SECRETARY-GENERAL Haitham Al Ghais, of Kuwait, speaks at the Africa Energy Week conference in Cape Town, last month.

(photo credit: ESA ALEXANDER/REUTERS)

ByNEVILLE TELLER

NOVEMBER 1, 2022 02:43

RECOMMENDED STORIES

People applaud as Taoiseach Simon Harris looks on after receiving a majority parliamentary vote to become the next Taoiseach (Prime Minister) of Ireland, in Dublin, Ireland, April 9, 2024.

Ireland becomes first European country to introduce ban on trade, imports from Israeli settlements

JUNE 26, 2025

Syria’s interim President Ahmed al-Sharaa looks on as he attends the “Aleppo, Key to Victory” celebration marking Syria’s liberation, in Aleppo, Syria May 27, 2025.

'Every blow to Iran is a benefit': Why Syria allowed Israel bypass its airspace to strike Iran

JUNE 26, 2025

IAF fighter jets taking off for strikes in Iran, June 16, 2025.

'Tehran is beautiful from above, I hope to visit one day' Israeli pilot says after strike on Iran

JUNE 26, 2025

Map showing the range of Israeli strikes on Iran, June 27, 2025.

IDF releases details of damage to Iran's nuclear, missile production sites

JUNE 27, 2025

Hot Opinion

The history of Jew-hatred is repeating across the UK

ByJPOST EDITORIAL

Amotz Asa-El

Bibi Netanyahu, it's time for you to retire

Netanyahu must use displayed courage vis-à-vis Iran in Gaza war

Why world media blaming Israel for US striking Iran is scary