Not Saudi Arabia, but the UAE May Decide OPEC's Next Move
Friday, 26 April 2024 () As the global oil market eagerly anticipates the upcoming OPEC(+) production decision—a potential shift in the current production cut strategy—most eyes are on Saudi Arabia or Aramco leaders. However, there's a new player in town, already hinting at a dramatic strategy change without OPEC's approval. Sources in Abu Dhabi suggest the Emirate is no longer convinced of the necessity of OPEC+ production cuts, given the current volatile oil markets and increased demand. Simultaneously, ADNOC sources indicate an imminent production increase.…
The Iran-backed Houthi group warns countries against participating in US strikes on Yemen, threatening retaliation. Mohammed Ali al-Houthi, of the Supreme Political Council, labels US actions as..
Friday, 26 April 2024 ()
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