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OPEC News

[Dogsbreakfast4U]

According to Amena Bakr twitter feed, Opec plus has pushed back it’s decision till the group meeting again on Monday at 15:00 vienna time #OOTT #opec

[Dogsbreakfast4U]

 I wonder if the Chinese or the USA are behind the sudden belligerence of the UAE within the OPEC Alliance. We know that both superpowers want to derail OPEC + and get their hands on cheap oil. Javier Blas: "The OPEC+ meeting has ended without a deal after the UAE rejected a Saudi-Russia proposal, which was backed by every other country inside the oil group. More talks are now

[highalpha1]

@Dogsbreakfast4U: I don't think there's a conspiracy going on. UAE significantly increased it's spare capacity over the years and they want to beging to pump at higher volumes. I think the biggest sticking point for the UAE is that the Saudis have made a proposal to extend the cuts in crude production to the end of 2022 when it was originally suppose to expire in April 2022. UAE wants

[Anschutz]

Nothing but theatrics so all the representatives from the middle east totatitarian states can hang out in Austria over the weekend. Aramco and UAE probably arranged for everyone to rub shoulders with elites at the F1 qualifiers (Saturday) and race (Sunday) in Spielberg. Authoritarian hypocrits will always look for reasons to indulge themselves when given a chance to partake in the freedoms the