Multipolar World Order in the Making: Qatar Dumps OPEC

Multipolar World Order in the Making: Qatar Dumps OPEC

The decision by Qatar to abandon OPEC threatens to redefine the global energy market, especially in light of Saudi Arabia’s growing difficulties and the growing influence of the Russian Federation in the OPEC+ mechanism. In a surprising statement, Qatari energy minister Saad al-Kaabi warned OPEC on Monday December 3 that his country had sent all the necessary…

Is China Turning Trump’s Oil Weapon Against Him?

Is China Turning Trump’s Oil Weapon Against Him?

Usually when referring to the so-called oil weapon, analysts are talking about the decades old policy of major oil producing nations withholding production to tighten supplies and drive prices up, often driven by geopolitical motivations. The most nefarious example of this came in 1973 when middle eastern producers, led by Saudi Arabia, cut oil imports…

America’s About to Unleash Its NOPEC Superweapon Against the Russians & Saudis

America’s About to Unleash Its NOPEC Superweapon Against the Russians & Saudis

The US Congress has revived the so-called “NOPEC” bill for countering OPEC and OPEC+. Officially called the “No Oil Producing and Exporting Cartels Act”, NOPEC is the definition of so-called “lawfare” because it enables the US to extraterritorially impose its domestic legislation on others by giving the government the right to sue OPEC and OPEC+…

Iran’s Reaction to the OPEC+ Output Deal Reeks of Desperation

Iran’s Reaction to the OPEC+ Output Deal Reeks of Desperation

Iran had a fiery reaction to the OPEC+ output agreement between Russia and Saudi Arabia. The country’s First Vice President Eshaq Jahangiri ominously warned that “Anyone trying to take away Iran’s oil market (share) would be committing great treachery against Iran and will one day pay for it”, in a message clearly designed to deter its…