Despite the US opposition, the Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to cut oil production by more than expected. Experts said that this move by OPEC confirms the declining influence of American power in the world order and this move will increase the distance between OPEC member countries and the US.

Experts say that the Biden administration, in the face of inflation, will have to face more political pressure before the upcoming mid-term elections, and the energy prices will increase and will affect the economic situation of Europe. It is estimated that this decision will further weaken the European countries that are supporting American power economically and socially. For this reason, recently, the differences between the European countries on whether to accept the decision of America or not have started to be clearly seen on the surface.

OPEC and its allies have decided to cut oil production by two million barrels a day, which equates to 2 per cent of global oil supplies. After this decision of OPEC, the price of oil has increased in the world market.

Deputy Secretary General of the Digital-Real Economy Integration Forum, said that in the background of the US shifting its strategic focus from the Middle East to the Asia Pacific region, Middle Eastern countries no longer need to rely on the US for geopolitical protection as before.

He also said that American policies are becoming increasingly self-centered and that they are building economic development on the foundations of the collapse of the other countries. Analysts have also said that, although there were many countries around the dominance of American national power in the past, in today’s environment where the world order is shaky, American power is declining due to economic problems such as weak international foreign policy and inflation.

Image:financial times