OPEC

What the World Needs Now—Arab Oil, but Gulf States Side with Russia, Capping Output

April 27, 2022

By John Mason

Russia’s unprovoked and massive attack on Ukraine has brought all sorts of energy issues to the fore. The war has invoked a friendship between Russia’s Putin and Saudi’s Mohammed bin Salman. Contributing writer, John Mason, explains how the war has also caused the Gulf States to join in the fray, by capping their oil production—aimed at keeping prices sky high. All this, as the U.S. tries to walk the line between full blown support of Ukraine in the war and the world’s continuing reliance on oil.

U.S. – Persian Gulf Nations’ Relations Sour over Ukraine, Russia, Yemen, and Oil

April 6, 2022

By John Mason

Contributing writer, John Mason, discusses the Biden administration’s worsening relationships with Saudi Arabia and United Arab Emirates. Relations have become strained due to their refusal to increase oil output during a worldwide fuel shortage generated by the Russia-Ukraine war. The Gulf countries also failed to condemn Putin for his attack on Ukraine. Conversely, Saudi is angered with the U.S. for failing to protect it against Houthi-launched missiles from Yemen.

Qatar is Pulling out of OPEC to Focus on Gas

December 4, 2018

By Ani Karapetyan

SOURCE: CNN BY: ZAHRAA ALKHALISI Dubai (CNN Business)OPEC is losing one of its oldest members. The small, gas-rich state of Qatar said Monday that it will leave the oil cartel on January 1 after nearly 60 years. The country’s state oil company, Qatar Petroleum, made the announcement in a series of tweets. “The withdrawal decision … Continued

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