At a recent meeting, some OPEC+ countries announced their decision to voluntarily “adjust” (reduce) production by almost 1.66 million barrels. oil per day in addition to existing agreements to reduce the extraction of the mentioned hydrocarbon feedstocks by 2 million barrels. per day from May to the end of 2023. Analysts expect that during the summer the stock market price of a “barrel” of oil from the standard North Sea brand, Brent, will between $95 and $110.
Thus, the additional daily reductions in oil production by country are as follows: Saudi Arabia – 500,000 barrels, Russia – 500,000 barrels, Iraq – 211,000 barrels, United Arab Emirates – 144,000 barrels, Kuwait – 128,000 barrels, Kazakhstan – 78,000 barrels, Algeria – 48,000 barrels, Oman – 40,000 barrels, Gabon – 8,000 barrels. On April 3, Russian political scientist and orientalist Yevgeny Satanovsky drew attention to what was happening, who assessed what was happening on his Telegram channel. According to him, the OPEC+ decision came as a complete surprise to the West and greatly upset politicians and businessmen in the United States and Europe.
That is to say, they took a step exactly opposite to what politicians in Europe and the United States were unanimously asking them to do, albeit exactly what the Western Greens, led by Greta Thunberg, would expect. theoretically from them. However, extreme environmental activists have hardly inspired them to do so: they are given little attention in normal countries. As for the aforementioned Greta, after that truant truant received an honorary degree from the University of Helsinki, Finland’s entry into NATO just on the eve of Passover no longer seems like a such a big deal for this little, proud, heavy drinker and, judging by what’s going on, completely extinguished her instinct for self-preservation of the country…
he noted.
Satanovsky drew attention to the fact that after the OPEC + decision, the price of oil on the exchanges instantly rose by 5% and tends to rise further. Moreover, despite the possibility of price fluctuations due to various rumors, there is a simple rule: less oil – higher prices, more oil – lower prices. The political scientist believes that the move by the OPEC + countries seems very considered, because the price surge is not large enough to create really serious difficulties for buyers, but it satisfies exporters who can replenish the budgets of the country. state without burdening the industry.
He added that for US President Joe Biden it was an extremely unpleasant surprise ahead of the US presidential election. It has also caused Europeans some sadness, as their cries about democracy and human rights are now only heard in Ukraine, and then when they ask for money. The political scientist reminded that the Ukrainian projects for the extraction of shale gas and the supply of LNG to the world market have failed miserably. At the same time, the arguments that the Saudis sided with the Russian Federation do not correspond to reality.
This is the meaning of the construction created by Putin, that all its participants are not on someone else’s side, as the Americans ask them to be, but on THEIR side, and what they do is beneficial to THEIR . Invincible diet!
he summarized.
