OPEC’s defensive posture is no longer tenable

The success of the OPEC+ coalition for the seventh year is thanks to wise leadership and concerted efforts by producers 

OPEC’s defensive posture is no longer tenable

Some Western oil media outlets are reporting that the Organization of Petroleum Exporting Countries (OPEC) has banned the entry of some correspondents of international news agencies to its headquarters in Vienna and prevented them from attending the meeting of the OPEC+ coalition of oil producers on Sunday.

The decision didn’t come out of the blue; it targets a group of correspondents with a history of premeditations, harbingers, and projections that have targeted OPEC+ for seven consecutive years.

The latest such move is the dissemination of a misleading story that wasn’t based on reliable or even known sources: it claimed that tensions between Saudi Arabia and Russia had been on the rise over oil production levels.

It’s not yet clear whether the rumour was politically or economically motivated ahead of the coalition ministers’ meeting.

OPEC’s defensive posture is no longer acceptable as oil-demonising entities have extensively exploited various media to focus public opinion and influencers on distorting the oil industry’s image.

Therefore, OPEC is working on having a professionally-qualified special media arm, capable of penetrating the ranks of the opposite party, which has always attacked oil and its producers without reliability. This party is not fighting oil as much as it is fighting the interests of consumers and their economies on the one hand and hurting the economies of producers on the other.

Who is behind the promotion of a misleading story about the escalation of tension between Saudi Arabia and Russia over oil production levels on the eve of the OPEC+ meeting? 

It is also no longer tenable for OPEC to sustain the recipient's posture, which has cost its producers a lot.

Now is the time to launch a proactive media plan that will cut off the promoters of anti-oil producer agendas in their attempt to pass on fallacies or even lies without any regard for the future of the global economy, social security, and societies' sustained and stable need for oil.

We've seen how upstream investment projects have been affected by the media war over oil, which could lead the world to face catastrophic short-term or even medium-term supply shortages. At the same time, we see these same media turn a blind eye to the International Energy Agency's glaring contradictions in its attacks on oil. 

OPEC has credibility and reliability, allowing it to lead the oil media away from the dominance of global news agencies, and away from stereotypical and ideological oil news 

Diplomacy and wise leadership 

OPEC's diplomacy in the world of oil is an undisputed demand, but the organisation needs to activate a vigilant media arm to put an end to the ineffectiveness we've seen in managing some international issues threatening the economies of producing countries.

While we find many analyses that aren't based on facts and are characterised by conflict and contradiction, OPEC has credibility and reliability. It is the primary reliable source of oil news, analyses, and forecasts. This allows it to lead the oil media away from the dominance of global news agencies and provide the world with information directly from its source.   

The OPEC+ alliance's success for the seventh year in a row came thanks to wise leadership and concerted efforts of producers despite the harshness of conditions due to the largest shocks to oil demand. OPEC sustained its success in adopting strategies that reflect a correct assessment of oil market needs, even with fears of economic recession and inflation repercussions.   

OPEC has the ability to reshuffle international energy media cards and provide the world with the latest developments taking place in the sector and oil markets – periodically, timely, and away from these stereotypical and ideological oil news, topping world news agencies.

This will lead many agencies to reconsider their misguided approach to oil market news in the service of hidden agendas or media bubbles seeking purely material gains. All economies —whether producers or consumers — have the right to facts so that they can operate with greater stability leading to real and solid economic growth. 

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