NEW YORK: OPEC and allied oil-producing countries decided Thursday to maintain the amount of oil they pump to the world even as the new omicron variant casts a shadow of uncertainty over the global economic recovery from the coronavirus pandemic.
Officials from OPEC countries, led by Saudi Arabia, and their allies, led by Russia, voted to stick with a pre-omicron pattern of steady, modest monthly increases in oil releases — a pace that has frustrated the United States and other oil-consuming nations as gasoline prices rise.
The OPEC+ alliance approved an increase in production of 400,000 barrels per day for the month of January.
The fast-mutating variant led countries to impose travel restrictions when it emerged late last week. In a worst-case scenario, lockdowns triggered by omicron could cut oil demand by nearly 3 million barrels per day in early 2022, according to projections by Rystad Energy.
Positive news about drugs to treat the variant or the vaccines’ effectiveness against it could improve that outlook. But even with positive news, a decrease in oil demand is likely because “the distribution of these remedies may not actually reach all markets with extreme immediacy, which would still necessitate the lockdowns in much of the developing world,” said Louise Dickson, senior oil markets analyst for Rystad.
The price of a barrel of US benchmark crude fell with news of the variant and then fell further as OPEC+ revealed it wasn’t going to curtail production. It was about $78 a barrel a week ago and was trading at about $66 a barrel Thursday. International benchmark Brent crude followed a similar path, falling from $79 a barrel a week ago to about $69 on Thursday.
The decision by OPEC+ to stay the course sends a signal that “the group does what it says and that they will continue their policy on their own terms,” Dickson said. “It also really signals that OPEC+ needs a bit more time to really dig into the numbers on the omicron variant.”
Some analysts had predicted that the OPEC+ alliance — made up of OPEC members and allied non-members like Russia — would act cautiously Thursday, pending more clarity from medical experts on the new variant.
Before omicron’s appearance, the OPEC+ meeting had been shaping up as a potentially fraught moment in a growing dispute between oil-supplying nations and oil-consuming ones, as the global economy rebounds from the worst of the pandemic downturn and demand for oil surged.
Angering the US and its allies, OPEC+ has stuck to a plan to open the petroleum taps bit by bit — even as oil prices surged to seven-year highs — until deep production cuts made during the depths of the pandemic are restored.
With rising gas prices putting him under political pressure at home, President Joe Biden last week responded to OPEC’s refusal to increase supplies more quickly by announcing the US and other nations would release tens of millions of barrels of oil from their strategic reserves, boosting supplies and temporarily lowering prices. But gasoline prices in the US barely moved.
And then, omicron’s emergence unsettled those dynamics.
White House press secretary Jen Psaki said Thursday that there are no plans to slow releases from strategic reserves, despite the advent of the variant and OPEC’s decision.
“We welcome the decision today to continue the 400,000 barrels-per-day increase,” Psaki said. “We believe this should help facilitate the global economic recovery.”
OPEC+ will meet again Jan. 4.
OPEC+ sticks to modest boost in oil output despite omicron
https://arab.news/j5dy2
OPEC+ sticks to modest boost in oil output despite omicron
Israeli minister walks back claim of antisemitism after clash with Piers Morgan
- Israel’s Minister Amichai Chikli accused Morgan in a previous social media post of ‘sharp and troubling descent into overt antisemitism’
- Following heated interview, Chikli later denied ever calling Morgan antisemitic, despite earlier post
LONDON: Israeli Minister for Diaspora Affairs and Combating Antisemitism Amichai Chikli has denied accusing British broadcaster Piers Morgan of antisemitism following a heated exchange during a recent episode of “Piers Morgan Uncensored,” despite a post on his official X account that said Morgan’s rhetoric marked “a sharp and troubling descent into overt antisemitism.”
The confrontation aired on Tuesday during an episode focused on Israel’s escalating conflicts with Iran and Hamas and featured appearances from both Chikli and former Israeli Prime Minister Ehud Barak.
Tensions erupted as Morgan repeatedly pressed Chikli to explain his public accusations.
“You did, you implied it,” Morgan said, adding that Chikli’s accusations led to “thousands of people calling me antisemitic and (a) Jew-hater” on social media. He demanded evidence, ultimately calling the minister “pathetic” and “an embarrassment” when none was offered.
"Absolute categorical weapons-grade nonsense!"
— Piers Morgan Uncensored (@PiersUncensored) June 23, 2025
Piers Morgan blasts Minister of Diaspora Affairs in Israel Amichai Chikli for saying he platforms holocaust deniers.
https://t.co/AO5YsXcBkq@piersmorgan | @AmichaiChikli pic.twitter.com/IiXmRk7wbC
The row stemmed from a June 4 post by Chikli, who shared a clip of a prior interview between Morgan and British barrister Jonathan Hausdorff, a member of the pro-Israel group UK Lawyers for Israel.
In the post, viewed over 1.3 million times by the time of Tuesday’s broadcast, Chikli claimed Morgan had hosted “every Israel hater he can find” and treated Hausdorff with “vile condescension and bullying arrogance — revealing his true face, one he had long tried to conceal.”
The post also referenced an unverified claim by American commentator Tucker Carlson that Morgan had said he “hates Israel with every fiber of his being” — a statement Morgan has firmly denied.
During Tuesday’s interview, Morgan challenged Chikli to cite a single antisemitic remark or action.
“Is it because I dare to criticize Israeli actions in Gaza?” Morgan told Chikli.
I’ve been following @piersmorgan’s interviews since the beginning of the war. From the outset, it was clear that, like most Western media, his basic inclination was pro-Palestinian — but he appeared to maintain a relatively fair and balanced line.
— עמיחי שיקלי - Amichai Chikli (@AmichaiChikli) June 4, 2025
Since then, however, I’ve… https://t.co/OvBtQsoYoE
According to Israeli outlet Haaretz, Chikli later denied ever calling Morgan antisemitic, despite his earlier post.
The episode reflects Morgan’s shifting stance on the war in Gaza. Once a vocal supporter of Israel’s right to self-defense in the immediate aftermath of the Oct. 7 attacks, Morgan has since adopted a more critical view as the civilian toll in Gaza has mounted and international outrage has grown.
The show has become a flashpoint for debate since the conflict began, hosting polarizing guests from both sides, including controversial American Rabbi Shmuley Boteach, a staunch defender of Israel, and influencer Dan Bilzerian, who has faced accusations of Holocaust denial.
Chikli, meanwhile, has faced criticism for blurring the lines between genuine antisemitism and political criticism of Israel. He recently sparked controversy by inviting members of far-right European parties — some with antisemitic histories — to a conference on antisemitism in Jerusalem, raising questions about his credibility.
Saudi foreign minister discusses Syria’s stability with US envoy
- Tom Barrack, US envoy to Syria, visited Riyadh on Thursday
LONDON: Prince Faisal bin Farhan, the Saudi minister of foreign affairs, received Tom Barrack, the US envoy to Syria, in Riyadh.
During the meeting on Thursday, officials discussed ways to support the Syrian Arab Republic in enhancing its security, stability, and economic recovery, reported the Saudi Press Agency.
Jordan condemns Israeli settlers’ ‘terror attacks’ on Palestinian villages in West Bank
- Foreign ministry spokesman says Jordan ‘rejects these attacks and the escalation of settler terrorism against the Palestinian people’
LONDON: Jordan on Thursday condemned “terror attacks” by Israeli settlers that resulted in the killing of four Palestinians in two towns in the occupied West Bank on Wednesday.
The Ministry of Foreign and Expatriates Affairs blamed the Israeli forces for the settlers’ “terrorist attacks” in the village of Kafr Malik, where three Palestinians were killed by soldiers and several others injured during clashes between residents and settlers.
Sufian Qudah, the foreign ministry spokesman, said Jordan “rejects these attacks and the escalation of settler terrorism against the Palestinian people.”
He said that Israeli government policies incite violence against Palestinians and give settlers “the impunity” to carry out “more crimes against the Palestinian people.”
He reaffirmed Jordan’s call for a ceasefire in the Gaza Strip and an end to the ongoing Israeli attacks on the coastal enclave since late 2023.
On Wednesday, four Palestinians were killed in two separate incidents in the occupied West Bank, including three in the village of Kafr Malik and a 15-year-old boy, Rayan Tamer Houshiyeh, who was shot by Israeli troops in Al-Yamoun, northwest of Jenin.
In a separate incident, 13-year-old Ammar Mutaz Hamayel succumbed to his injuries on Monday after being shot by Israeli forces. Hamayel was from Kafr Malik, which has a population of about 2,500 Palestinians. The village is 17 kilometers northeast of Ramallah and is surrounded by the Israeli settlement of Kokhav HaShahar.
No known intelligence that Iran moved uranium, US defense chief says
- Several experts cautioned that Iran likely moved a stockpile of highly enriched uranium out of the Fordow plant before US strikes
WASHINGTON: US Defense Secretary Pete Hegseth on Thursday said he was unaware of any intelligence suggesting Iran had moved any of its highly enriched uranium to shield it from US strikes on Iran’s nuclear program over the weekend.
“I’m not aware of any intelligence that I’ve reviewed that says things were not where they were supposed to be, moved or otherwise,” Hegseth said.
After the strikes, several experts also cautioned that Iran likely moved a stockpile of near weapons-grade highly enriched uranium out of Fordow before the strike early Sunday morning and could be hiding it and other nuclear components in locations unknown to Israel, the US and UN nuclear inspectors.
They noted satellite imagery from Maxar Technologies showing “unusual activity” at Fordow on Thursday and Friday, with a long line of vehicles waiting outside an entrance to the facility. A senior Iranian source told Reuters on Sunday most of the near weapons-grade 60 percent highly enriched uranium had been moved to an undisclosed location before the US attack. Hegseth’s comments denying those claims came at a news briefing where he accused the media of downplaying the success of US strikes on Iran’s nuclear program following a leaked, preliminary assessment from the Defense Intelligence Agency suggesting they may have only set back Iran by months.
Hegseth said the assessment was low confidence, and, citing comments from CIA Director John Ratcliffe, said it had been overtaken by intelligence showing Iran’s nuclear program was severely damaged by recent US strikes, and that it would take years to rebuild.
Djibouti ambassador praises deep ties between African state and Saudi Arabia
- Djibouti Embassy celebrates 48th anniversary of independence
- Ambassador reaffirms Djibouti’s unwavering support for the Palestinian cause
RIYADH: The Djibouti Embassy in Riyadh donned patriotic colors as its staff celebrated their national day on Wednesday night, hosting a befitting reception to mark the occasion.
On the occasion of the 48th anniversary of the National Independence of Djibouti, Dya-Eddine Said Bamakhrama, ambassador of the Republic of Djibouti to Saudi Arabia and the dean of the Diplomatic Corps, hosted an official reception at the Cultural Palace in the Diplomatic Quarter.
The event was attended by Prince Mohammed bin Abdulrahman bin Abdulaziz, deputy governor of Riyadh Region, as guest of honor and patron, and Prince Sultan bin Salman, the founder and chairman of the Saudi Aviation Club.
The reception was also attended by numerous princes, ambassadors, distinguished business leaders, media professionals, artists, and members of the Saudi and Djibouti community.
Addressing the gathering the ambassador highlighted Djibouti’s remarkable achievements over the past five decades, particularly in terms of security, stability, and sustainable development.
He also emphasized the deep and sincere fraternal relations that unite the leaderships and people of the two nations.
Furthermore, the ambassador reaffirmed Djibouti’s firm and unwavering position in support of the Palestinian cause, advocating for the restoration of the Palestinian people’s legitimate rights, including the establishment of an independent state with East Jerusalem as its capital.
Saudi Arabia also strongly supports the two-state solution as the path to resolving the Israeli-Palestinian conflict.
Palestine is officially recognized by 147 of the UN’s 193 member states and has observer status at the UN.
The ambassador also reiterated Djibouti’s commitment to a calm, constructive, and principled diplomacy, actively working to promote peace in the region and around the world, rejecting wars and advocating for dialogue, peaceful coexistence, and sustainable development.
