[UNCOVERED] SECRETS Behind Saudi Arabia & Russia's Earth Shaking Oil Move Revealed
Автор: Economics On Demand
Загружено: 2023-02-28
Просмотров: 89
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We have some oil things to discuss today!
Get ready for a juicy scoop that will leave you on the edge of your seat! You may think that the relationship between the U.S. and Saudi Arabia is unshakable, but it seems that the Saudi Kingdom is preparing to take a strong step away from its ally interests. In fact, they're preparing to team up with none other than Russia!
This incredible partnership between the largest oil producers is set to rock the world, and it's bad news for the United States. But how did this Earth-shaking move come about? It's all thanks to improved relations between the two countries, which recently took things to the next level with a meeting between OPEC+, Russia, and Saudi Arabia on February 1st.
We've got all the juicy details about how this historic collaboration came about, and it all started with a little chit-chat between Crown Prince Mohammed bin Salman of Saudi Arabia and Russian President Vladimir Putin. They discussed ways for the OPEC+ countries to work together to keep the oil market stable, and the rest is history!
But that's not all! Despite the recent Western sanctions on Russia's oil industry due to the ongoing conflict against Ukraine, the Crown Prince and Russian President Putin are looking for the best ways to cooperate in the political, trade, economic, and energy fields.
So, what does the future hold for the oil industry? All eyes were on the OPEC+ panel, which was expected to recommend keeping the current output policy unchanged. And while the Joint Ministerial Monitoring Committee (JMMM) discussed the economic lookout and the level of Chinese demand, inside sources suggest they are unlikely to suggest any changes to the current policy.
But don't be fooled - there are still plenty of uncertainties that could shake up the oil market. Inflation, interest rates, and Chinese demand are just a few factors that could impact the stability of oil prices. And let's not forget about the recent conflict between Russia and Ukraine, which has led to sanctions on Russia's oil industry and left many wondering about the impact on global supply.
The situation is not a pleasant one, but both Russia and Saudi Arabia are taking it in stride, adapting to the changing landscape, and looking for alternatives. And while the world after the pandemic may be uncertain, one thing is for sure - this new alliance between Saudi Arabia and Russia is sure to shake things up!
So, there you have it, folks! A brand new partnership that will profoundly impact the world's energy market. Be sure to like and subscribe to our channel to stay updated with all the latest news and information!
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