UAE won't take sides in 'great power' standoff: Senior official
He explained that the country welcomes collaboration with world powers other than the US, in the interest of regional security and stability
Source: khaleejtimes.com
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After Snubbing Biden, Saudi Arabia Reportedly Preparing to Welcome Xi Before Year's End
The burgeoning Sino-Saudi relationship could get a little more shored up later this year as the Chinese leader is expected to travel to Riyadh for talks. 07.11.2022, Sputnik International
Source: sputniknews.com
Saudis say Biden wanted OPEC cut decision delayed until after election
DUBAI, United Arab Emirates — Saudi Arabia said Thursday that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk of a spike in gas prices ahead of the U.S. midterm elections next month.
Source: afn.net
IEA Pleas With OPEC+ For More Oil Supply, Again
For a second time this week, Fatih Birol, the executive director of the International Energy Agency asked OPEC+ to meet its production quota
Source: oilprice.com
IEA: Chronic OPEC+ Undersupply Could Propel Oil Prices Even Higher
If OPEC+ continues to fail in delivering its oil production targets amid rising demand and inventories at multi-year lows, oil prices will remain under upward pressure and are set for more volatility
Source: oilprice.com