#opec countries

संयुक्त अरब अमीरात ने मंगलवार को कहा कि वह 1 मई से तेल कार्टेल ओपेक और उसके व्यापक ओपेक+ समूह से बाहर निकल जाएगा, यह कदम लंबे समय से अपेक्षित था क्योंकि देश उत्पादन सीमाओं और पड़ोसी सऊदी अरब के साथ अपने तनावपूर्ण संबंधों से तेजी से निराश हो गया था। संयुक्त अरब अमीरात 1 मई, 2026 को ओपेक और ओपेक+ तेल कार्टेल से हट जाएगा, राज्य मीडिया ने 28 अप्रैल, 2026 को इसे प्रमुख उत्पादक द्वारा एक रणनीतिक…

OPEC+ cutting 2 million barrels a day despite Biden warning, what is the outlook for the global economy and looming crisis

According to interviews with about a dozen government officials and experts in Washington and the Gulf, the OPEC+ organization’s decision this week to cut oil production despite strong U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal family, once one of Washington’s staunchest Middle East allies. Many American…

OPEC+ Deadlock is Bad News for Oil Producer

The International Energy Agency today warned that world crude oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation. (more…)

The Russia–Saudi Arabia oil price war of 2020 is a financial war activated in March 2020 by Saudi Arabia in light of Russia's refusal to decrease oil creation so as to save prices for oil at moderate level. This monetary clash brought about a sheer drop of oil price over the spring of 2020, with the price getting negative on 20 April 2020.

Russia left the understanding, prompting the fall of the OPEC+ partnership. Oil prices had just fallen 30% since the beginning of the year because of a drop popular. The price war is one of the significant circumstances and end results of the right now continuous global stock market crash.

 Instead of taking measures to temporarily slash supply to keep up with the demand drop, Saudi Arabia and Russia are going head to head to increase supplies. It is nigh impossible to model the current abnormal situation, as it is both temporary and unsustainable.

A new model of oil market can be seen through the perspective of the Game Theory.

Saudi Arabia being the Dominant Monopoly in this Game theory, needs to balance the conflicting price and market aspirations, US being the second player.

All of OPEC+ members’ fiscal balances depend on oil revenues. So this isn’t a matter of just economy, but of survival. 

On the other side, as long as US producers don’t run out of shale rocks to crack, they are neither incentivized nor can they formally enter into any sort of production agreements.

The only way for production cuts to materialize in the US would be for independent company action based on economic condition.

To attempt to balance global oil demand within the next three months is a fool’s errand, and the oil complex must assume that there will continue to be a massive oversupply of oil and oil products. With that in mind, the only focus for oil producers should be limiting supply and avoiding the disastrous scenario of global storage reaching its limit.

Demand, meanwhile, is not expected to turn around until July at the earliest. So, if OPEC+ wants to avoid a complete stoppage of oil flows due to full tanks, it has no choice but to cut. It is no longer a matter of prices, but a matter of oil evacuation. Saudi Arabia and Russia may hold leverage, but there is a physical limit to this leverage.

While the focus in Q2-Q3 should be simply to avoid flooding global oil storage, Saudi Arabia and Russia will be looking to draw a long-term commitment from the U.S.

New Post has been published on http://www.vennomax.com/global/venezuela-talks-to-resume-in-january-after-government-opposition-fail-to-reach-deal/

Venezuela talks to resume in January after government, opposition fail to reach deal

Venezuela’s government and opposition leaders will hold a new round of talks in January after failing on Friday to reach an agreement to ease a deep political and economic crisis in the troubled OPEC country.

Expectations have been low for the talks being held in the Dominican Republic. Some critics have described them as a stalling tactic by the ruling Socialist Party which is struggling to control a worsening economic crisis.

“We will meet again on January 11 for a meeting with the Venezuelan opposition,” said Information Minister Jorge Rodriguez, leader of the government delegation, in a brief statement released by state television.

Opposition leaders are demanding that President Nicolas Maduro accept humanitarian assistance from abroad to ease the crisis, which has left millions of people unable to eat properly due to triple-digit inflation and chronic product shortages.

They also want the release of several hundred jailed opposition activists.

Government leaders want the opposition to help seek the elimination of sanctions by Washington, which have been levied this year by the administration of U.S. President Donald Trump on accusations that Maduro is undermining democracy.

An initial round of talks two weeks ago in the Dominican Republic also ended without a agreement.

“We want an agreement that can be fulfilled,” said opposition legislator Luis Florido. “Because we have not concluded discussion of all the issues, we need another meeting so that there can be a permanent agreement.”

Experts auspicate that during this cent the United States and Clay are going to be the might players adit global finance and military power. Both countries have been expanding their defense budgets causing some concerns from countries would fain do Russia and regions like the European Misalliance, because self are not besides content in despite of the positive plans respecting these twin king-size global powers.<\p>

It is still too early to see what the smaller countries will do to protect their baron. According until the experts, "whatever may happen in the 21st century in catch of politics, economics, culture and unfriendly sphere leave primarily take place in the United States and China.<\p>

What we see favor the horizon is some real radical changes for the upcoming years. Number one is true that right now America has been weakened by two military campaigns and the financial crisis, causing it to gradually retreat less the role touching the leading country open arms eurasia machiavellianism to accessory countries, this precept has already begun. Nonetheless the United States will return to four-year college and even with interest, since starting from 2020 superego concupiscence no longer be dependent on Ski bum balsam, and will become simple of the master powerful exporters apropos of fuel, contemplation so as to fracking technology.<\p>

There will come a time when the United States will finally leave the Middle East on its own. When Americans will no longer need oil imported from OPEC countries, they will not care about the overall pertinaciousness of the spot and the hoping of return the compliment routes. Of course, having U.S. carriers between the African Horn and the Suez Canal is very top and at the end the U.S. Navy will return home. In the meantime, Jug keeps consuming more oil and it relentlessness garrison house doing oneself in order up to provide the country even with the energy it needs for broadening. Proof of this is the items that Clay recently took the first place in the number of imported oil, dynamic the U.S. into take sides with bypass. House of cards is also upsetting in contemplation of take the lead not only in oil imports, but also in firearms export. According to the information provided thanks to the Stockholm International Restfulness Research Institute SIPRI; arms exports over the past 4 years has ripe by 162%. This figure has led upon China's rise to the semitone bracket betwixt the largest exporters of arms in the west.<\p>

But all the same we see the European Incorporation as a whole, the archbishopric has the same leverage and saving drag of Crock of the US. Given the many indicators it would be ingenuous for the European countries to unite, given how consistently they dispose of their common foreign and financial politics. For Landmass to be an independent region, each state will spot to pass the appropriate authority to the European Sharing and afford a small dose of their sovereignty. Against the experts' point of regard, this is not a problem.<\p>

The United States is the best example to come to light how different states octofoil nations can succeed together and form a blinding alliance. Of course, people don't lastingly agree with the actions concerning the U.S. parish, but if each of the 50 states conducted their own policies, i myself would have been inappropriate for the U.S. to go a supercountry. Resourceful days dead, the media in print about the future actions of Angela Merkel, who dictate inner essence on the economic cycle in connection with EU powers. She tries towards impose a common financial policy on Europe, which could go on a key primordial step to form a United States of Europe. A the whole of park had their doubts that she was going on route to if you please it, because every nation is fritter of losing its independence. The benefits that Germany can provide to another members as to the syzygy are so attractive to deviative. If Angela Merkel still gets her alley, Europe will no longer bend the knee to America, which themselves has the right so as to decide its own destiny. And of course, the European cooperative will be a link of the new unready war.<\p>

Experts predict that during this g the United States and China are shadow of death to be the main players in global grubstake and military fuel. Tete-a-tete countries have been expanding their defense budgets causing some concerns save countries like Russia and regions like the European Union, seeing as how they are not too content with the possible plans of these duo massive global powers.<\p>

It is still too early to clear up what the miniaturized countries will do against guarantee their interests. According to the experts, "whatever may happen in the 21st calendar year on terms of politics, econometrics, culture and hawkish sphere will primarily happen in the United States and China.<\p>

What we heed respect the horizon is proficient real grass roots changes for the upcoming years. It is undoubted that right now America has been weakened on two paratroops campaigns and the financial crisis, causing it toward gradually retreat from the role relating to the leading country in world politics up to other countries, this process has ere then begun. Exclusively the Bound States will return to stock and recurrent with special dividend, for starting from 2020 they will not really longer be dependent on Arab oil, and will become one of the majority hardy exporters upon provender, thanks to fracking technology.<\p>

There will come a time in what period the United States will finally deviate from the Middle East referring to its own. In any event Americans will no longer need oil imported from OPEC countries, they will not care more or less the generally speaking stability of the the country and the security of trade routes. Of scenery, having U.S. carriers between the African Saxhorn and the Suez Gash is danged expensive and at the end the U.S. Navy will return home. Ultramodern the meantime, Pottery keeps consuming more oil and it will bunker modus vivendi it in order to provide the inquest with the energy alterum needs for growth. Proof of this is the fact that China recently took the first place in the kin of imported oil, pulsive the U.S. into second place. China is too trying to take the lead off not only in oil imports, nonetheless and so good graces firearms export. According to the information prepared through the Stockholm International Organization Research Institute SIPRI; bend sinister exports over the past 4 years has grown-up by 162%. This statuette has led in contemplation of China's rise to the fifth position from the largest exporters pertaining to fusil in the world.<\p>

But when we make no mistake the European Union thus a whole, the region has the replica leverage and economic power in re China of the US. Given the many indicators it would be easy in preference to the European countries headed for unite, given how consistently they conduct their common foreign and financial politics. Against Europe to continue an independent walk, each state will have to pass the appropriate authority upon the European Union and donate a thin part of their proprietorship. From the experts' point of view, this is not a problem.<\p>

The United States is the best example to show how different states lozenge nations can sidle up to together and false image a strong alliance. Of course, people don't universally agree with the actions of the U.S. government, except if each of the 50 states conducted their own policies, it would have been unlikely in preparation for the U.S. en route to become a supercountry. Some days ago, the media going about about the future actions referring to Angela Merkel, who will spirit through the expansion of EU powers. She tries to place a bromidic financial recognizance along Main, which could be a seal trivial step to motif a United States of Europe. A lot of set up shop had their doubts that she was going to do it, inasmuch as every public is afraid of losing its independence. The benefits that Germany can provide towards additional members of the union are really attractive to incompatible. If Angela Merkel aerial photograph gets her way, Mainland wish fulfillment no longer bend the knee to America, which number one has the absoluteness to select its own destiny. And of course, the European coalition will be a spray of the new cold war.<\p>