Page 5 - aruba-today-20221101
P. 5

A5
                                                                                         WORLD NEWS Tuesday 1 November 2022
            Saudi, UAE back OPEC cuts as US envoy warns of 'uncertainty'




            (AP)  —  Saudi  Arabia  and  hail  al-Mazrouei  echoed                                                              and  Saudi  Arabia  appear
            the  United  Arab  Emirates  that  defense.  While  saying                                                          to  have  reached  a  nadir"
            defended  on  Monday  a  that OPEC and its allies are                                                               amid the dispute.
            decision  by  OPEC  and  its  "only a phone call away if                                                            "The  U.S.-Saudi  relationship
            allies to cut oil production,  the requirements are there"                                                          could  fundamentally  shift
            even  as  an  American  en-  to  raise  production,  he  of-                                                        to  an  almost  purely  trans-
            voy  warned  of  "economic  fered no suggestion such a                                                              actional  one,  character-
            uncertainty"  ahead  for  the  boost would be on its way                                                            ized  by  'strategic  drift,'  as
            world.                       anytime soon.                                                                          Riyadh  continues  to  act
                                                                                                                                against its own self-interest,
            While  cordial,  the  com-   OPEC and a loose confed-                                                               a move borne of spite, not
            ments  at  the  Abu  Dhabi  eration  of  other  countries                                                           strategy,"  the  center  said.
            International Petroleum Ex-  led  by  Russia  agreed  in                                                            "If Saudi Arabia again votes
            hibition  and  Conference  early October to cut its pro-                                                            to  cut  production,  it  will
            showed  the  stark  divide  duction by 2 million barrels                                                            lead to a further rift with the
            between the United States  of  oil  a  day,  beginning  in  "And  we  have  to  under-  Saudi Arabia lashed back,  United States and will signal
            and  Gulf  Arab  countries  November.                     stand that that is a very dif-  publicly claiming the Biden  Riyadh's growing drift closer
            it  supports  militarily  in  the                         ficult place for them to be."  administration  sought  a  to Moscow," it added.
            wider Middle East. Already,  OPEC,  led  by  Saudi  Ara-                               one-month  delay  in  the  Meanwhile, the world's thirst
            American  politicians  have  bia, has insisted its decision  American     politicians,  OPEC  cuts  that  could  for oil only will increase. An
            threatened    arms    deals  came from concerns about  meanwhile,  have  reacted  helped reduce the risk of a  OPEC  outlook  published
            with  the  kingdom  and  de-  the global economy.         angrily  to  a  decision  likely  spike  in  gas  prices  ahead  Monday estimates by 2045,
            scribed it as siding with Rus-                            to keep gasoline prices el-  of  the  U.S.  midterm  elec-  global  demand  for  oil  will
            sian President Vladimir Putin  Analysts  in  the  U.S.  and  evated.  An  average  gal-  tions Nov. 8.              reach  101  million  barrels  a
            amid his war on Ukraine.     Europe  warn  a  recession  lon  of  regular  gasoline  in  The  back-and-forth  be-   day  —  up  from  88  million
                                         looms  in  the  West  from  in-  the U.S. now costs $3.76 —  tween  Riyadh  and  Wash-  barrels a day in 2021.
            Saudi Arabia's energy min-   flation  and  subsequent  in-  down  from  a  record  $5  a  ington  shows  how  tense  Oil  will  remain  the  world's
            ister,  Prince  Abdulaziz  bin  terest rate hikes, as well as  gallon in June but still high  relations  remain  between  No. 1 energy source, even
            Salman,  hinted  at  that  in  food and oil supplies being  enough  to  bite  into  con-  the two countries since the  with  the  growing  con-
            brief remarks at the event.  affected by Russia's war on  sumers' wallets. Benchmark  2018  gruesome  killing  of  cerns  with  global  climate
            "We  don't  owe  it  to  any-  Ukraine.                   Brent crude oil sat at $95 a  Washington  Post  columnist  change, OPEC said.
            body  but  us,"  the  prince  Natural  gas  as  well  has  barrel Monday.              Jamal Khashoggi by Saudi
            said  to  applause,  noting  been affected. by the war,                                security  forces.  American  "The  reality  globally,  as
            that  upcoming  U.N.  cli-   sending energy bills spiking  President  Joe  Biden,  who  intelligence  agencies  be-  we  know,  is  that  there  is
            mate  change  summits  will  across Europe.               traveled  to  Saudi  Arabia  lieve  the  slaying  came  at  a  huge  shortfall  in  invest-
            be  held  in  Egypt  and  the  "We have to realize that a  in  July  and  fist-bumped  Prince Mohammed's order.     ments to meet this expect-
            United  Arab  Emirates.  "It  lot of people ... are facing a  Crown  Prince  Mohammed                               ed future demand growth,"
            was done for us, by us, for  very  difficult  winter  ahead  bin Salman before a meet-  The Soufan Center, a New  OPEC      Secretary-General
            our future, and we need to  in  the  U.K.,  in  Europe  and  ing,  recently  warned  the  York-based think tank, said  Haitham Al Ghais said. "The
            commit ourselves to that."   right  across  the  world,"  BP  kingdom that "there's going  Monday  that  it  appeared  sustainability  of  the  global
                                         CEO  Bernard  Looney  said  to be some consequences  "trust  and  mutual  respect  energy system is actually at
            Emirati  Energy  Minister  Su-  at the event in Abu Dhabi.  for what they've done."    between the United States  stake."q

            Sedition trial begins for closed Hong Kong news site editors



            (AP)  —  A  sedition  trial  2020.  Ahead  of  the  open-  and  Lam  were  charged  Hong  Kong  dollars  (about  the  company  were  not
            opened  in  Hong  Kong  on  ing  statements,  the  judge  under  a  colonial-era  se-  $640)  for  a  first  offense,  charged under the security
            Monday for two former top  heard arguments from both  dition  law  that  has  been  and  three  years  for  a  sub-  law.  Months  earlier,  police
            editors  of  a  shuttered  on-  sides  about  which  articles  used  increasingly  to  snuff  sequent offense. The trial is  raided the offices of Apple
            line media outlet who have  could  be  included  as  part  out  critical  voices  in  the  expected to last 20 days.  Daily  and  seized  boxes  of
            been detained without bail  of  the  prosecution's  case  semi-autonomous  Chinese  Stand  News  shut  down  in  materials  and  computer
            for 10 months.               and whether it was neces-    city. Hong Kong was a Brit-  December after the arrests  hard drives.
                                         sary  to  prove  the  defen-  ish colony until its return to  and  a  high-profile  police  Hong  Kong  fell  more  than
            Stand  News  editor-in-chief  dants had seditious intent.  China in 1997.              raid  at  its  office.  Armed  60 places to 148th place in
            Chung Pui-kuen and acting  The  defense  argued  that  Best  Pencil  (Hong  Kong)  with a warrant to seize rel-     Reporters  Without  Borders'
            editor-in-chief  Patrick  Lam  the  law  requires  prosecu-  Ltd., the holding company  evant  journalistic  materials  latest World Press Freedom
            were arrested last Decem-    tors to bring charges within  for  Stand  News,  faces  the  under the National Security  Index released in May. The
            ber  during  a  crackdown  six  months  after  any  alleg-  same charge of conspiracy  Law, more than 200 officers  global  media  watchdog
            on  dissent  following  wide-  edly  seditious  articles  are  to  publish  seditious  materi-  participated in the search.  cited the closure of the two
            spread    anti-government  published, and that 10 out  als.  It  had  no  representa-  But  Chung  and  Lam  and  outlets in its rating.q
            protests in 2019.            of the 17 articles which the  tives at the trial.
            Stand News was one of the  prosecution     referred   to  Former  Stand  News  re-
            city's last news media that  did not fall under that time  porters  and  veteran  local
            openly  criticized  the  gov-  frame.                     journalists   were   among
            ernment after the closure of  But the prosecution insisted  the  spectators  at  the  trial.
            the  pro-democracy  Apple  the  case  was  about  con-    Chung  and  Lam  waved
            Daily  newspaper,  whose  spiracy  so  the  time  limit  at their friends in the court-
            jailed  founder  Jimmy  Lai  was  not  applicable.  The  room.
            faces collusion charges un-  judge  said  he  would  issue  Sedition is punishable by a
            der  a  sweeping  National  a decision in the dispute on  maximum  jail  term  of  two
            Security  Law  enacted  in  Tuesday. Unlike Lai, Chung  years  and  a  fine  of  5,000
   1   2   3   4   5   6   7   8   9   10