Saudi Crown Prince Mohammed bin Salman forces America to accept that he is now the only one controlling global oil prices

https://www.youtube.com/watch?v=-rjD78YXRV8?si=EeTpKNvqjDUJhCUO

The latest Saudi news, oil market developments, international oil prices, and Saudi-American relations

Updates on the oil issue presented in this episode of Samri Channel.
The beginning of the return of global oil prices to rise after a wave of successive declines. The episode attributes the new rise to several factors, including the return of reassurance to the American markets after reaching an agreement to pass a temporary budget between the White House and the Republican majority in Congress, as the agreement dispelled fears of a US government shutdown and a near-term recession that would follow. The rise in Chinese demand and Asian markets in general for oil also played a decisive role in the return of highs.

On the other hand, Reuters and Bloomberg agencies expected that Russia and Saudi Arabia would return to raising oil production levels during the OPEC+ ministerial meeting scheduled to be held next Wednesday, after which leaks from within OPEC would return to confirm that Moscow and Riyadh would continue their tightening policies until the end of this year, which would push oil prices. Brent crude oil has reached record levels that will exceed the $100 mark, perhaps by the end of this October.

To confront these price tensions, the US administration of President Joe Biden agreed to explore for oil and gas in 3 locations inside the Gulf of Mexico, paving the way for a clash between Biden and environmental activists who had obtained from him 3 years ago confirmed electoral promises to stop issuing exploration licenses inside US territory.

Finally, Bloomberg Agency said that the Kingdom of Saudi Arabia has become the sole controller of oil prices globally through its policies within the OPEC Plus bloc and even outside it, stressing that Riyadh’s decisions during the last quarter of the year will determine fuel prices in the United States of America, which is considered the factor. The main controller of the mood of the American citizen.

#Saudi Arabia
#America
#latest news