SCROLL TO CONTINUE WITH CONTENT

Peace in Palestine = Peace in the World

ADVERTISEMENT

SCROLL TO CONTINUE WITH CONTENT

MADURO ACCUSES US OF USING OIL AS POLITICAL WEAPON

kurnia - Monday, 19 January 2015 - 08:25 WIB

Monday, 19 January 2015 - 08:25 WIB

264 Views ㅤ

Venezuelan President Nicolas Maduro (Photo : Press Tv)
Venezuelan President Nicolas Maduro  (Photo : Press Tv)

Venezuelan President Nicolas Maduro (Photo : Press Tv)

Caracas, 28 Rabi’ul Awwal 1436/19 January 2015 (MINA) – Venezuelan President Nicolas Maduro has again alleged that the US is using oil as a political weapon. Maduro made the remarks at a rally in the capital Caracas on Saturday following his return from official tours of China, Russia and five member nations of the Organization of Petroleum Exporting Countries (OPEC), including Iran, Saudi Arabia, and Algeria.

The Venezuelan president specifically mentioned Russia, the Islamic Republic of Iran, and his own country as examples of nations that the US is trying to gain political leverage against by using the price of oil as a pressure point.

The key objective of Maduro’s recent tour was to try to bring about a consensus among OPEC members as well as other oil-exporting states to return crude prices to an acceptable level. Press TV quoted by Mi’raj Islamic News Agency (MINA) as reporting. Monday.

The president of Venezuela also declared that new agreements are to be arranged in response to the tense situation on the oil market.

Also Read: Colombia Appoints First Ambassador to Palestine Amid Gaza Crisis

The development comes as Venezuela has lost over 55 percent of its national revenues in the past six months as the result of crashing oil prices.

Oil prices have plunged by over 50 percent since June of last year because of oversupply by a number of oil producing countries such as Saudi Arabia as well as lackluster global economic growth.

OPEC, which produces nearly 40 percent of the world’s oil, decided last year against slashing its production to balance the market due to opposition from Saudi Arabia. (T/P002/R03)

Mi’raj Islamic News Agency (MINA)

Also Read: Trump Administration Considers Expanding Travel Ban to 36 Additional Countries

 

 

Also Read: Brazil Considers Ending Military Cooperation with Israel Amid Gaza Genocide

Recommendation for you

Iran's Nuclear program (photo: Video Grab)
International
Palestine
Iran Attacks Israel (photo: Palinfo)
Palestine
Iran Attacks on Israel (photo: Anadolu Agency)
International
Iranian airstrikes attack Israel (photo: Anadolu Agency)
International