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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

Iran has increased its market share in the excess supply environment by offering large discounts , undercutting the Saudi and Iraqi prices for their deliveries to Asia. Our main competitor is Saudi Arabia,” Amir Hossein Zamaninia, Iran’s deputy oil minister for international affairs, said in an interview with The Wall Street Journal.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In other major export markets, demand is stagnant. is no longer a growth market for oil exporters.

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Elon Musk is ‘not good for America or the world,’ according to himself

Baua Electric

The move allies the US with such luminary states as Iran, Libya and Yemen, the only three other countries in the world not to ratify the Paris Agreement. This order was not unexpected, as Mr. Trump did the same dumb thing in 2017 , which President Biden reversed right away in 2021.

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