#opec

faab64@venera.social

The United States and Israel stand on the verge of a direct attack on Iran, with the most far-reaching and catastrophic consequences for the Middle East and the whole world.

Using Iran’s attack on Israeli military infrastructure Tuesday as a pretext, the White House has effectively given Israel carte blanche to carry out an illegal attack against the second most populous country in the region (after Egypt).

“We’ll be discussing with the Israelis what they’re going to do, but all seven of us [referring to the G7 nations] agree that they have a right to respond,” Biden said Wednesday. Reuters commented in a news report, “[T]he US is not pressing Israel to refrain from retaliation.”

wsws.org/en/articles/2024/10/0…

#Gaza #Genocide #Iran #Syria #Iraq #Yemen #Iraq #Economy #WW3 #Russia #China #PersianGulf #Opec #Israel #Media @palestine group group @israel group group

harryhaller@diasp.eu

Disagreements over payments holds up key Iraq-Turkey oil pipeline restart: Iraq PM
Turkey shut down the pipeline in March 2023 after an arbitration court ordered it to pay Iraq $1.5bn (Tl45.23bn) in compensation.
(...)
the reduced supply has inadvertently helped Iraq adhere more closely to its OPEC+ production limits.
However, to meet its new target for January this year, Iraq will need to cut output by approximately 300,000 barrels per day.

Baghdad has requested Kurdistan to reduce its output to help Iraq comply with its OPEC+ limits, as reported by Argus.
January 18, 2024 — https://archive.is/fYnWe [offshore-technology.com]

Explainer: Why oil flows through the Iraq-Turkey pipeline have been halted
November 13, 2023 3:29 PM UTC — https://archive.is/cijN5 [reuters.com]

#oil #pipelines #turkey #kurdistan #iraq #opec

deutschewelle@squeet.me

OPEC überrascht mit Förderkürzung | DW | 05.06.2023

Die OPEC will weniger Öl fördern. Unter der Führung Saudi-Arabiens ist das bereits die zweite Kürzung seit April. Damit will das Ölkartell offenbar den Preis stabilisieren. Ob das gelingt, ist fraglich.#Erdöl #Opec #Förderung #Saudi-Arabien #Russland
OPEC überrascht mit Förderkürzung | DW | 05.06.2023

faab64@diasp.org

A video on social media shows a Saudi prince, Saud al-Shaalan, commenting on the West's backlash against the Opec+ output cut announced last week and what he described as a “challenge to the existence of the kingdom”.

This is the "US strongest ally" in the region talking about Jihad against those who “challenge to the existence of the kingdom”

#SaudiArabia #Biden #Opec #Jihad #Politics #Oil
https://twitter.com/MiddleEastEye/status/1581782045214343175?s=20&t=BbQrcFG_aub9hDYQByQTtQ

deutschewelle@squeet.me
psych@diasp.org

Well, cumulatively this looks rather positive for Ukraine, rather perilous for the nuclear plant, and rather desperate for #Putin.
Though yes, it's multi-layered, complex &. dynamic. As the buzz is about oil prices, Saudi/ #OPEC policy, and #Ukraine.

Putin seizes Europe's largest nuclear plant, signs laws annexing Ukraine land; OPEC cuts oil production, helps Russia: Updates

I don't know how I ended up seeing this but the video is short, sweet & polished. I saw "USA Today" and thought it's from them, but it's from MSN, or some hybrid. Whatever, here's a fairly concise rundown of today's main stories (sans Walker/ #GQP/ #TrumpVirus)

dredmorbius@joindiaspora.com

Analysis: U.S. wants more oil, but OPEC+ can't turn on the tap much harder

U.S. pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new problem for the producer group: it doesn't have much extra capacity to hike output faster, even if it wanted to.

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, are unwinding record supply curbs made in 2020 when demand cratered, but not fast enough for Washington which is fretting about prices near three-year highs. ...

https://www.reuters.com/markets/europe/us-wants-more-oil-opec-cant-turn-tap-much-harder-2021-11-23/

#petroleum #oil #FuelPrices #OPEC #PeakOil