English newspaper: OPEC+ dealt a triple blow to the West by reducing production

According to the International Economic Group of Fars News Agency, Melissa Lawford, a columnist of the English newspaper “Telegraph”, pointed out that the West received a triple blow from OPEC’s sudden decision to reduce oil production, and said: “The high price of oil will cause more inflation in the West.” .

In an article, he stated that OPEC’s decision shows Saudi Arabia’s clear turn towards China and leaving the West alone. He said that during his presidential campaign, US President Joe Biden had pledged to make Saudi Arabia an intermediate level. internationally, but the inflation that affected his country forced him to swallow his words and travel to Jeddah to meet with Mohammed bin Salman, the Saudi crown prince.

The author emphasized: With Biden’s hope for Saudi Arabia, OPEC reduced its production by two million barrels per day in October to raise prices, and Saudi Arabia now, regardless of the anger of the American president regarding the reduction of production last October and his threat Regarding the uncertain consequences of this action, it again reduced oil production.

Stating that Russia is now in a privileged position due to Saudi Arabia’s energy policy against the United States of America, this author added: The king of Saudi Arabia delivered the biggest weapon in the oil war to Putin, and the increase in oil prices reduced sanctions against Russia and increased This country’s income will increase, and probably Vladimir Putin, the president of Russia, is one of the main winners of this decision.

The author quoted Benjamin Hilgenstock, a journalist and analyst, who emphasized that a one-dollar increase in the price of crude oil increases Russia’s income by about 2.7 billion dollars annually.

The journalist emphasized that Western sanctions on Russian fuel were late because they were not imposed until last December, but as soon as Moscow’s revenues fell, OPEC intervened and improved it again.

In the end, he said: While Russia is making money, the West is weakening under the pressure of inflation.

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