The COP28 meeting ended with an agreement to begin the end of the fossil fuel era. What’s next on the agenda for the Predator Class in 2024? The United Nations COP28 meeting of world leaders concluded last week in Dubai with an agreement which is being heralded as the “beginning of the end of the Read More...
By Rhod Mackenzie The undeclared conflict between OPEC and the autonomous US shale firms that persisted in recent years has ended with the triumph of the oil cartel. Unexpectedly, it was the major oil and gas companies who were responsible for OPEC’s triumph , as they are currently buying up every significant, medium and minor […]
By Rhod Mackenzie The day following the most significant plunge in oil prices within the last year or so, its precipitous fall persisted. Within a couple of days, Brent has dropped to its lowest point since the summer and has lost over 14% of its value from its apex one week ago. The market now […]
By Rhod Mackenzie The OPEC Secretary General, Haitham Al Ghais, has cautioned on the possible detrimental impact of insufficient investments in the oil industry, which could result in a significant growth in oil prices and a potential energy crisis. “By underfunding the oil industry, we are endangering energy security,” warned the leader of the oil […]
Steven Sahiounie, journalist and political commentator Saudi Crown Prince, Mohammed bin Salman (MBS), gathered Saudi journalists in Riyadh in December to say that the United Arab Emirates (UAE) had been an ally for decades, but had stabbed Saudi Arabia in the back, and threatened a response. According to Gulf experts, the disagreement between MBS and […]
With OPEC powers forming new alliances, has the West lost control of oil?
The post Is Saudi Arabia Defecting Into the Anti-Washington Camp? appeared first on The Daily Sceptic.
21WIRE | Democrats are now doubling down on Biden's desperate electioneering stunt.
[Prefatory Note: This post is a somewhat updated and expanded version of responses to questions posed by the Iranian journalist, Javad Arabshirazi on October 12, 2022.] REEVALUATING US RELATIONS WITH SAUDI ARABIA AFTER OPEC+ OIL PRODUCTION #1: The White House says that President Joe Biden is re-evaluating the US relationship with Saudi Arabia after the Organization … … Continue reading →
US President Joe Biden has declared that “there will be consequences” for Saudi Arabia’s decision, along with OPEC+, to cut oil production. Yet it is unlikely the US Government will act to punish Riyadh. if they do, then it will fit in as the next piece in a long saga of mob-mentality global politics. US Read More...
PressTV – Background Tensions are heating up between the United States and Saudi Arabia after Riyadh-led OPEC and allied oil producing countries announced a big output cut, defying Washington’s pressure. US Secretary of state, Antony Blinken, says the government is working closely with Congress to review alternatives regarding ties with Saudi Arabia. That’s a day […]
