In the West: Prince bin Salman unleashed an “oil war” amid a series of unresolved issues for Riyadh

After Friday's correction in the region of $ 34-35 per barrel, Brent crude oil again lost a lot in price at the opening of trading on April 6.

So, Monday's trading on exchanges began with a mark of $ 30,5 per barrel, which marked a fall in prices by 13 percent. It seemed that oil had returned to a downward trend, but further processes showed that the barrel was ready to fight for growth.

Within 6 hours from the start of trading, the Brent brand rose to 33,5 per barrel.

It has not yet been possible to reach the Friday level, but experts believe that this is possible in the coming hours. The fact is that a ministerial meeting on the so-called OPEC + deal is scheduled for today. The meeting, as previously reported, will be held in a videoconference mode, and most importantly, what they are going to discuss at it is issues of reducing production volumes. Earlier in Russia, it was stated that there is a willingness to reduce if other participants in the "black gold" market take the same steps.

Against this background, the authoritative financial and economic publication The Economist came out with material in which 2020 is called "the lost year for Saudi Arabia." The author accuses Crown Prince Mohammed bin Salman of unleashing an oil war, which “freezes the Saudi economy along with a number of unresolved issues, including the war in Yemen and a decline in investment.” Salman is reminded of the internal political struggle and his attempts to eliminate competitors on the way to the throne.

In the West, they add that the situation for Riyadh can be somewhat rectified by a possible compromise with other participants in the export market.

Comments

[Same lech]

The devil will understand who started this oil war first ... like any war it can go not according to the scenario of its organizers but according to the will of God ... probably the coronavirus pandemic very successfully fit into this matter ... the crisis in the world is obvious what it will result in specifically, it’s hard to say yet.
Muhammad bin Salman decided to pull Allah by the beard ... I'm afraid it will cost him dearly.

[Insurgent]

Quote: The same LYOKHA

Muhammad bin Salman decided to pull Allah by the beard ... I'm afraid it will cost him dearly.

About a new book designed to wash away the image of Mohammed bin Salman in front of a Western audience. Despite the war in Yemen, the dismemberment of Khashoggi and the very essence of Saudi Arabia, efforts to create the image of a "young and promising Saudi reformer" continue unabated.

Book justifying Muhammad bin Salman

Western governments and the media have been fascinated by Mohamed bin Salman (MBS) since his father, the current king, exalted him, discarding the traditional dynastic rules of inheritance. His youth turned him into an attractive object of analysis and high expectations among Western journalists and officials.

The more he departed from modern Arab political rhetoric, especially the Palestinian question (which he ignores when he speaks Arabic and blackens in English), the more he is admired by the Western media. Thomas Friedman, for example, rushed off to meet him and writes meritorious articles about him in NYT (The New York Times). For Friedman, MBS personifies the “Arab spring” - although how can a period full of wars and blood of innocent victims be called the “spring”?

Ben Hubbard’s new book on MBS is believed to draw a portrait of a man about whom very little is known — in the Arab world and elsewhere. Hubbard is the head of the NYT office in Beirut and one of the very few Western correspondents who knows Arabic well. He traveled extensively in Saudi Arabia and described the elevation of MBS for NYT.

But Hubbard does not deviate one iota from the usual chewing gum of Western journalists, especially when it comes to the principles of the US empire, or the impudent bias of the US media in favor of Israeli occupation and aggression. In this book, all this is often and clearly seen.

About Hezbollah, he writes that she “uses her influence to threaten Israel” (p. 178). Israel occupied southern Lebanon from 1976 to 2000. Israel practically did not stop the invasion and bombing of Lebanon from the 1950s to 2000, but Hubbard is sure that Hezbollah (which did not exist before 1982) threatens Israel, while Israel, which occupied Lebanon, as we must understand - he didn’t get into other people's affairs, he was just an invader. For him, Hezbollah is simply an armed group whose goal is to “threaten Israel” (p. 180). In other words, he accuses the occupied of threatening the occupier.

Among those who resisted the Israeli occupation of Lebanon for many years, there were communists, Arab nationalists, Syrian nationalists, and Islamists. Hubbard considers them all to be the attacker, "threatening and harassing Israel." Its bias immediately makes itself felt to the reader.

Assad Abu Khalil is a Lebanese-American professor of political science at the University of California. He is the author of Lebanese Historical Dictionary (1998), Bin Laden, Islam and the New US War on Terrorism (2002) and The Battle of Saudi Arabia (2004)

Translation from English (sent by the reader of the "Mouthpiece of Totalitarian Propaganda")

[Same lech]

The most dangerous man on earth - Muhammad bin Salman of Arabia

Someday he will wrap his neck with his Napoleonic plans.

[Same lech]

https://grimnir74.livejournal.com/6251430.html

[Lelek]

Quote: The same LYOKHA

Someday he will wrap his neck with his Napoleonic plans.

Alexey, are you sure that this is bin Salman's plan? The Saudis' Foreign Ministry actually admitted that this plan was predestined by the "exceptional" and that they had become attached to it because of addiction.

[Same lech]

Alexei, are you sure this is bin Salman’s plan?

No, of course ... therefore, he expressed this uncertainty in the first comment ... and the Saudi clan does not draw on the role of the exceptional ... they do not have the spirit of pioneers, discoverers ... in my heart I think they are ordinary traders.

[Lelek]

Quote: The same LYOKHA

.in my heart I think they are ordinary traders.

So it is, for which many clans hate them inside the SA.

[Valery Valery]

Without the United States and Mexico, the next oil deal is meaningless.

[Teberii]

There are still questions for the economy, China is only gaining momentum. Prices, if there will be growth, it is only in preparing countries for the winter to replenish stocks. I think the rest will agree, and Trump will not reduce production.

[major147]

Quote: Teberii

Trump will not reduce production.

Not for that, the oil industry put him as president.

[Paul Siebert]

Quote: Valery Valery

Without the United States and Mexico, the next oil deal is meaningless.

This is from our point of view.
America, with its Saudi hands, brought down world oil prices in order to crack down on the Russian oil industry.
Trump will keep his shale producers on government grants made of cut paper for a year, and then he will go to the European "oil ashes" when we are no longer there, and will start dictating prices ...
Kudrinsky sages used to scratch turnips. And now they wag their tail and agree to any conditions, if only to stabilize the price of oil ...

[Altona]

Quote: Valery Valery

Without the United States and Mexico, the next oil deal is meaningless.

----------------------
Correction of the oil market without a political component is currently impossible. The market catches even weak signals from political players. We need a "big deal" in Trump's language.

[Aaron Zawi]

There will be no negotiations today. While moved to the 9th.

[Same lech]

There will be no negotiations today. While moved to the 9th.

In a pandemic, what can be agreed upon? ...
it’s not clear until the end when this pandemic will end in the same USA for example ... everything is so vague now.

[antivirus]

the Saudis and the Russian Federation jointly collapsed oil - against shale producers from all over the world (not only the USA) and new companies - about 15-16g Delyagin demanded "market size instead of high price" - there were many dissatisfied in the world
As soon as they gathered, they determined which way to fight and gathered courage to the nearest pillar (write)

[Barmaleyka]

In the West, they add that the situation for Riyadh can be somewhat rectified by a possible compromise with other participants in the export market.

the states and the rest do not want to participate in the deal, which means that a compromise is unattainable

[Mountain shooter]

The price war is still at the very beginning ... Russia needs a price of 45, the Saudis need 70 - 80, and the "shale producers" need no restrictions ... Let's look further. So far, the price has bounced off 20, as if scalded. The United States will not participate in a production limitation treaty, referring to its "antitrust laws" - there will be no treaty ...
Although, IMHO, the Americans will not comply with the agreement ... well, they do not like this ... but they will not do it right away ...

[Same lech]

Although, IMHO, the Americans will not comply with the agreement ... well, they do not like this ... but they will not do it right away ...

This is true ... how cool they shod the Germans by seizing from the seller a batch of masks already paid by the Germans ... as they were cowboy gangsters they remained.

[Mountain shooter]

Quote: The same LYOKHA

as they were cowboy thugs they remained so.

At first they were pirates ... and not one hundred years old.

[major147]

Quote: The same LYOKHA

It's right...

Recall only arms limitation treaties.

[den3080]

Trump will impose duties of 400-500 percent on all imported oil, freeze the assets (money) of Saudi Arabia, like Iran, for example, go ahead - everything is in g.ne, and the United States on a white horse.
And the prince will begin to wander, graze the camels, well, in general, continue the work of the ancestors (not so distant)

[Dave36]

Willingly plus, very easily

[APASUS]

Quote: den3080

Trump will impose duties of 400-500 percent on all imported oil, freeze the assets (money) of Saudi Arabia, like Iran, for example, go ahead - everything is in g.ne, and the United States on a white horse.

Not everything is so simple in this system, you can break the connection in one day, but they have been built for decades. After such attacks, Saudi Arabia simply stutters that the means of payment for its oil will be the Euro, Yuan or hell knows that the Americans will quickly return everything to their place, but also apologize.

[major147]

Quote: APASUS

Americans will quickly return everything to its place, but also apologize.

Or the prince will act like Gaddafi ...

[boss]

not for that the moaning of the hashoggi and the use of the WOODEN saw were advertised all over the world in order to give the salman something to decide.
oh, yes, and another commitment to purchase f-35 is not fulfilled.

[Altona]

Quote: Mountain Shooter

Russia needs a price of 45, the Saudis need 70 - 80, and the "shale producers" need no restrictions ...

------------------------------
Where do these bars come from? Especially for the Saudis.

[knn54]

Almost always, internal problems were solved by unleashing external wars, in this case, oil.

[boss]

you speak the truth.
if it weren’t for the legend of the cow virus, I would have decided that we wouldn’t point our finger at it, decided to play war games, but at a price of a hundred a barrel a modern adult war is NOT POSSIBLE.
at fifty dollars for the "Brent" is already enough for a serious mess for a short while, but no more.
but for a quarter with a discount, WAR IS INEVITABLE.
fights, God forbid, will unfold, zeroing out ANY BUDGETS, so stimulating the economy that any killed person will rise again.

[askort154]

The increase in oil production revealed another problem - the possibility of transportation by tankers reached their limit. All chartered tankers are full. The price of chartering jumped hundreds of percent.
Specifically for China by 700%. - which amounted to 243 thousand dll. per day.

[den3080]

Quote: askort154

The increase in oil production revealed another problem - the possibility of transportation by tankers reached their limit. All chartered tankers are full. The price of chartering jumped hundreds of percent.
Specifically for China by 700%. - which amounted to 243 thousand dll. per day.

That is, along the way, oil + transport and storage will cost the same 70-80 dollars, or even more. So?

[boss]

Seriously?
proofs in the studio.
curious analysis.
indicates that although oil has not become noticeably physically larger, it’s massively buying it and taking it somewhere, which can be checked on navigation sites
or oil storage facilities are so full that tankers are used as warehouses.
so?

[askort154]

patron .....Seriously?
proofs in the studio. curious analysis.

Izv. was absent - struggled with the "crown" !
This infa launched today by Bloomberg, in an Internet sea.

[WIKI]

Quote: askort154

The price of chartering jumped hundreds of percent.

The total fleet of Saudi Aramco's own supertankers is 42. In addition to them, they also chartered 9 units at a price of $ 30 thousand a day before announcing an increase in production .. Speculators and oil producers who do not have their own tanker fleet are really hard now. In addition to all of the three largest world oil producers Russia has the smallest number of available storage facilities - for about eight days. These figures are based on the volume of production that can be maintained if exports run out. Saudi Arabia has 18 days and 30 days in the United States.

[boss]

but here is an interesting detail, the United States and Saudis consider the volume of storage facilities with oil pipelines and port storage facilities.
add to the volume of the Russian Federation the filled oil pipelines of Belarus and other pipes, I think everything will be far less critical.
9 leased tankers Saudis want to break the market?
somehow small

[WIKI]

Quote: patron

add to the volume of the Russian Federation the filled oil pipelines of Belarus and other pipes, I think everything will be far less critical.

"These figures are based on the amount of production that can be saved if exports run dry." This refers to the presence of empty storage facilities, where oil from the fields will be supplied when the demand ceases.

[alexmach]

Earlier in Russia it was stated that there is a willingness to reduce if other participants in the black gold market take the same steps.

It is very interesting, and just recently it was announced that they were not ready for reduction. To a halving less than what is being discussed now ....

[Mountain shooter]

Quote: alexmach

It is very interesting, and just recently it was announced that they were not ready for reduction. To a halving less than what is being discussed now ....

The key word here is joint reduction ... When there is no player on the market who takes your place ... and does not say thank you ... It is said - if the rest ...

[Overlock]

Quote: Mountain Shooter

The key word here is joint abbreviation ...

even if this happens, the oil price will not jump, because the global economic crisis is erupting. And with oil and oil products, everyone has already stocked up. Planes do not fly, cars do not drive. 40% decrease in gasoline sales only in Russia

[alexmach]

So they proposed, after all, like a joint reduction of the entire OPEC +, without the USA and Mexico, of course.

[WIKI]

Quote: Mountain Shooter

The key word here is joint reduction ... When there is no player on the market who takes your place ... and does not say thank you ... It is said - if the rest ...

If your export of goods is less than import, then I don’t understand why to reduce our own production. Which would be even more dependent on imports? Whose place was taken by America when its own production does not cover domestic needs. A showdown is likely to be between the Saudis and Russia. https://tass.ru/ekonomika/7836185

[New Year day]

Quote: Mountain Shooter

It is said - if the rest ...

Opek included about half of the oil producers; the United States never entered into it. That's all the rest Someone in the forest, some for firewood

[mat-vey]

Quote: alexmach

It is very interesting, and just recently it was announced that they were not ready for reduction.

And with the same diligence they explained and proved how it is not profitable for us to cut production after the scandalous OPEC meeting (which was just about to discuss how much to cut), how many hundreds of millions of doylars would be lost ... and for those "if the same steps are taken and other market participants "...
It smacks of cognitive dissonance, as they say on the Internet ...

[den3080]

Quote: alexmach

Earlier in Russia it was stated that there is a willingness to reduce if other participants in the black gold market take the same steps.

It is very interesting, and just recently it was announced that they were not ready for reduction. To a halving less than what is being discussed now ....

This is a visual aid to illustrate an old rule: Avaricious pays twice.

[Den Sangoysky]

It looks like the despair of Riyadh, which could not bring down its economy the first time with its blitzkrieg and now throws as much effort as possible to the detriment of itself

[rotmistr60]

Experts predicted that given the postponement of the OPEC + meeting, oil could lose value.

Author accuses Crown Prince Mohammed bin Salman of unleashing an oil war

Well, at least they objectively approach this issue, otherwise accusations against Moscow and the GDP itself about unleashing this war were already loud.

[Leshy1975]

Quote: rotmistr60

Experts predicted that given the postponement of the OPEC + meeting, oil could lose value.

Author accuses Crown Prince Mohammed bin Salman of unleashing an oil war

Well, at least they objectively approach this issue, otherwise accusations against Moscow and the GDP itself about unleashing this war were already loud.

Listen, well, the network remembers everything, or have you already forgotten the bravura statements of the Rosneft spokesman, Leontiev (source RBC from 08.03.2020/XNUMX/XNUMX):
«From the point of view of Russia's interests, this deal is simply meaningless. By yielding our own markets, we remove cheap Arab and Russian oil from them in order to clear a place for expensive shale American. And to ensure the efficiency of its production, ”he said ...
“A partnership agreement always implies a compromise. AND, Finally, we must monetize our resource base. We have an excellent resource base. Unlike some colleagues who do not have it, there’s nothing to monetize. And that cover up an uncontrolled drop in production fig leaf agreement OPEC +", He said.

And which statements then as soon as they did not try to disguise from the Russian Federation. To which the Saudis, too, were very offended very much, that they tried to declare them to be extreme in the disruption of the deal.

[den3080]

Quote: Leshy1975

Quote: rotmistr60

Experts predicted that given the postponement of the OPEC + meeting, oil could lose value.

Author accuses Crown Prince Mohammed bin Salman of unleashing an oil war

Well, at least they objectively approach this issue, otherwise accusations against Moscow and the GDP itself about unleashing this war were already loud.

Listen, well, the network remembers everything, or have you already forgotten the bravura statements of the Rosneft spokesman, Leontiev (source RBC from 08.03.2020/XNUMX/XNUMX):
«From the point of view of Russia's interests, this deal is simply meaningless. By yielding our own markets, we remove cheap Arab and Russian oil from them in order to clear a place for expensive shale American. And to ensure the efficiency of its production, ”he said ...
“A partnership agreement always implies a compromise. AND, Finally, we must monetize our resource base. We have an excellent resource base. Unlike some colleagues who do not have it, there’s nothing to monetize. And that cover up an uncontrolled drop in production fig leaf agreement OPEC +", He said.

And which statements then as soon as they did not try to disguise from the Russian Federation. To which the Saudis, too, were very offended very much, that they tried to declare them to be extreme in the disruption of the deal.

Leontiev "for the bazaar" never answered.
He is just a talking head. He can be fired without severance pay, this will be his personal answer “for the bazaar”.
But the whole point is that he voiced the position of his superiors, which was mistaken.
It is no accident that GDP refused to hold a meeting “with the oil industry workers” before the OPEC + conference.
In other words, as I understand it, he said: Go and correct the situation as you want.
And if not corrected, then we can see a lot of interesting things in the inner world of those in power in Russia.

[Gennady Fomkin]

The head of the American state, Donald Trump, announced his readiness to introduce duties on oil imports, if such a step is required, and called OPEC "an illegal cartel." And I told Donald for a long time,

- "Listen, Fedrych, bombs these camels where they climbed out of ...."

And he is like me

- "Well, of course, they are so similar to real people, - it's a pity all the same ..."

Now, now begins to understand how much a pound of dashing ...

[sanik2020]

It seems to me that the point here is not so much in oil as in a trivial struggle for the throne.
There is only one throne, but the prince applicants, I'm sorry, like a dog has fleas.
Because there is such a jungle of intrigue that the devil himself will break his leg.

[New Year day]

Quote: sanik2020

in the banal struggle for the throne.
There is only one throne, but the prince applicants, I'm sorry, like a dog has fleas.

that is why Salman wants to prove - he is the best

[Maks1995]

Ha. Everyone has already forgotten that Rosneft "bent everyone" there and withdrew from the agreements.

Now everyone is discussing Trump, the Prince and other villains and prophesying a collapse, a fall, etc., etc., etc. ... they write some unimaginable planned oil prices, etc.

But the essence is one ... Money doesn’t smell, and oilmen have money ...

[faterdom]

It would be a desire, we would agree with the Americans easily, but in KSA there may well be no democracy, with all that it implies ....
Let's see who will sit out whom. Our people "saints" survived the 90s, when money, to put it mildly, did not pay at all, basically promised, but paid it already three times lower. The people of the then guarantor did not forget this, but both survived (both the guarantor and the people).
But the KSA and the USA did not have such an exam, and how they pass it is a must-see.

[Gennady Fomkin]

Yesterday, we were still deliberately discussed about common Euro-Atlantic values ​​and about our loved ones, as the crown of creation, “our Western partners” today are more reminiscent of gopniks and hucksters, which they, in their own words, have always been.

[Gennady Fomkin]

The couple there with the shares of Aramko in their Saudi swamp played and deflated. Just when the welfare of the United States or the same Europe is at stake, they simply roll in their own sand, no matter what they say.

Such is the bum.

[peter rusin_2]

The Hussites have not yet said their weighty word! You can easily help pulnut in factories))