US Re-evaluates Arms Deals after Saudi Snub
After Saudi Arabia decided last week to side with Vladimir Putin and restrict oil output, the Biden administration has stated that it is prepared to pursue fresh, severe sanctions against the country. The move, according to observers, represented a significant retreat from the US president’s previous efforts to reach out Continue Reading
Why is OPEC reserving it’s oil during the Russian/Ukraine War?
Despite the US’s authorization to release 180 million barrels from the Strategic Petroleum Reserve, Saudi Arabia and the UAE have kept to their OPEC+ commitments to increase production by 400kbd per month to support their domestic industries. Politics does play a greater role in decision-making now, but Saudi Arabia and Continue Reading
