The OPEC+ Factor and Oil Prices

The OPEC+ Factor and Oil Prices

“The OPEC+ decision has purely economic motives,” “Oil prices and voluntary production cuts,” “When OPEC is used as a boogeyman.” These and similar headlines are used by the Middle Eastern media commenting on the agreement of the OPEC+ countries at the beginning of April this year to voluntarily cut oil production by 1.66 million BPD…

Saudi-Iran Deal: Towards the de-Americanisation of the Middle East?

Saudi-Iran Deal: Towards the de-Americanisation of the Middle East?

At the end of his recent video about the Chinese-Saudi-Iranian diplomatic deal on 10 March, the astute foreign policy expert Muqtedar Khan asks whether this breakthrough may lead to the “de-Americanisation of Saudi Arabia” itself. It is an interesting question that reflects current realities pertaining not only to Saudi Arabia but also to the entire…

‘Mexico Is Not a US Colony!’: AMLO Condemns Invasion Threats, Celebrates Nationalization of Oil, Lithium

‘Mexico Is Not a US Colony!’: AMLO Condemns Invasion Threats, Celebrates Nationalization of Oil, Lithium

Mexico’s leftist President AMLO condemned “hypocritical” Republicans who want the US military to invade, declaring “Mexico is an independent and free country, not a US colony or protectorate!” In a massive rally, López Obrador also celebrated the expropriation of oil and lithium, condemning exploitative foreign corporations. Mexico’s leftist President Andrés Manuel López Obrador (AMLO) organized…

US Supertankers Pose an Environmental Threat to Europe

US Supertankers Pose an Environmental Threat to Europe

The US aims to ship oil to the EU by massive tankers as a result of Washington’s sanctions campaign against Russia and the requirement it placed upon Europe to purchase a sizeable amount of American oil as a result. Specifically, these tankers include the 320,000-ton Very Large Crude Carrier (VLCC) and the 200,000-ton Suezmax vessel….