As Iran Strikes Gulf With Missiles, Drones, Could UAE Join Trump’s War?

Recommendable! A critical discussion of the pros and cons of the Arab gulf states and their relation with the US.

(481) As Iran Strikes Gulf With Missiles, Drones, Could UAE Join Trump’s War? | Vantage on Firstpost | 4K - YouTube

United Arab Emirates to quit oil cartel OPEC as the third biggest producer

This is big news! Will any other of the 11 members follow?

"... The UAE has 4.8 million barrels a day of production capacity but was capped at roughly 3.4 million under OPEC quotas. It is among the world’s lowest-cost producers. It can bypass the Hormuz blockade through overland pipelines. ...

Around April 18 and 19, UAE central bank governor Khaled Mohamed Balama met with Treasury Secretary Scott Bessent and Federal Reserve officials on the sidelines of the IMF and World Bank meetings in Washington ... He raised the possibility of a dollar swap line.

On April 21, President Trump said on CNBC that he would like to help the UAE if he could. On April 22, Bessent told the Senate that “many” Gulf and Asian allies had requested swap lines, describing them as tools “to maintain order in the dollar funding markets and to prevent the sale of U.S. assets in a disorderly way.”

On April 24, Bessent posted on X that “extending permanent swap lines can be a major first step in creating new U.S. dollar funding centers in the Gulf and Asia.” ..." (Source)

"The United Arab Emirates (UAE) has said it is quitting the Opec and Opec+ groups of major oil producing nations after nearly 60 years.

The UAE said the decision reflected its "long-term strategic and economic vision and evolving energy profile".

The decision is seen as a blow to the cartel with one analyst describing the exit as "the beginning of the end of Opec".

The Gulf state's energy minister said being a country with no obligation under the groups would provide more flexibility.

The UAE joined Opec in 1967 and its departure will leave the oil cartel with 11 members. ...

"With the UAE leaving, Opec loses about 15% of its capacity and one of its most compliant members." ..."

United Arab Emirates to quit oil cartel Opec

Brazil to Join Major Oil Exporting Countries in OPEC+ Group with Palki Sharma

Bad news! Perhaps, the good news is that the larger OPEC is the more disagreement and less power etc. compared to the OPEC in the 1970s!

Saudi Arabia’s New Plan: Discounts For Asia, Europe. Price Hike For USA to counter Russia

Bad news! Very recommendable! Again, the 46th US President screwed up!

Angola leaves OPEC over oil production quotas disagreement

Recommendable! Good news! Angola is not the first country to leave the cartel!

Russian Diesel Floods Saudi Arabia as Putin Finds New Oil Markets

This big news! Saudi Arabia buys low for domestic consumption and sells high! Very smart!

Iran greift Venezuelas krisengeplagter Führung unter die Arme

Da haben sich wohl zwei Petrodiktaturen gefunden! Das muss man  sich auf der Zunge zergehen lassen! Ein OPEC Mitgliedsland liefert Benzin an ein anderes OPEC Mitgliedsland. Das sagt viel aus über den desolaten Zustand Venezuelas nach über 20 Jahren sozialistischer Diktatur und Misswirtschaft!

Iran greift Venezuelas krisengeplagter Führung unter die Arme Teheran hat fünf Tanker mit Benzin nach Venezuela geschickt, das mit akuten Versorgungsengpässen kämpft. Iranische Techniker sollen zudem helfen, die maroden Raffinerien zu reparieren. Caracas bezahlt dafür mit Gold.

Saudi Arabia and Russia are gambling with oil supplies

Recommendable!

"As the world’s biggest oil producer with relatively high operating costs, the US is the supplier most exposed to a price war sparked by the rivalry of the second and third largest oil producers. ... 
[In September of 2019] Putin suggested the Saudis could better protect their population if they followed the Turkish and Iranian precedents of investing in Russian missile systems. The remarks were pointed, as the Saudis had cemented a deal to buy US Patriot missiles. ..."

Saudi Arabia and Russia are gambling with oil supplies | The Strategist: Poker games get no bigger than this. Saudi Arabia’s Prince Mohammed bin Salman has gambled that a threatened cut of almost US$1 trillion to global oil revenue will force Russia’s President Vladimir Putin back into ...

Oil Wars

Full credit to The Spectator