“US, UK and other countries,” in the original Reuters dispatch, filed a resolution against China at the UN — and lost. Proposal by “Western countries”, in the words of the New York Times, “failed 19 to 17, with 11 abstaining”.
Latin Americans, Africans and Asians voted against or abstained, mostly from Brazil to Venezuela, from India to the United Arab Emirates.
It was the day after an even bigger defeat for Joe Biden, with OPEC+’s decision to cut oil production and raise prices. As S&P Global explained, speaking to CNBC, “this is seen as a coup against Biden, as political interference in the US elections.”
CNN reported the White House “in a panic”. In the statement by Biden’s spokeswoman, “It is clear that OPEC+ is taking Russia’s side.”
Biden even threatened to retaliate, but the priority is to avoid immediate jumps in prices, hence the warning that he should release more oil from the US strategic reserve and the study order to ban the export of American oil.
Hours later, the Wall Street Journal reported that “Biden is preparing to ease sanctions on Venezuela to allow Chevron to resume extraction.” He notes that “the information comes at a time when the OPEC+ countries agreed to reduce their production, angering the Biden government.”
The NYT’s digital headline saw affront, “By breaking with the West, OPEC and Russia cut oil production.”
The confrontation extended to Reuters and CNBC, in a squabble with Saudi Arabia’s energy minister, the leader of OPEC. As highlighted by the Chinese Guancha and the Russian RT, the minister refused to respond and criticized both the agency and the channel, during a press conference.
Hours later, with oil prices already on the rise, the Wall Street Journal (top image) reported that “Biden is preparing to ease sanctions on Venezuela’s authoritarian regime to allow Chevron to resume extraction.”
He notes that “the information comes at a time when the OPEC+ countries agreed to reduce production, angering the Biden government.”
GERMANY VS. USA
Amid the collapse of German industry, without cheap Russian gas, Berlin criticized Washington for the “lunar” or “astronomical” prices of American gas. It was in an interview with the economy minister to the Neue Osnabrücker Zeitung, echoed by other Germans like Die Welt and Americans like CNBC.
“Some countries, including friends, sometimes hit lunar prices and that brings up issues that we have to talk about,” said Robert Habeck, calling for “solidarity” specifically from the US. He proposed to the European Union “to pool its market power and orchestrate a synchronized buying behavior”.
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