“Complete disaster and hostile act”: This is how Washington assesses a possible OPEC + decision to reduce oil production

Today, a meeting of the cartel of the main oil-producing countries OPEC +, which includes 13 states, including Saudi Arabia, Kuwait, the United Arab Emirates and Russia, will take place. It is assumed that the meeting will decide on a sharp reduction in oil production - by 1-2 million barrels per day. Immediately, a number of Western media report that Russia and Saudi Arabia are insisting on this. Reductions will be made at the expense of the current production, and not at the expense of quotas, which some participants in the transaction cannot choose.

The administration of the President of the United States began to undertake frantic attempts to dissuade and even pressure allies in the Middle East to vote against the reduction. A significant decline in oil exports will inevitably lead to higher fuel prices at US gas stations. CNN is reporting, citing White House sources, that the Biden administration has described the prospect of production cuts as a "complete disaster" and warned that it could be seen as a "hostile act."

Last year, President Joe Biden began to rapidly lose popularity among Americans, including due to a sharp increase in fuel prices. The presidential administration made several attempts to negotiate with the main oil exporters to increase production and supply of raw materials, but almost without success. Then Biden launched a program to print out strategic oil reserves. As a result, fuel prices in the domestic market fell. But by October, the limit of oil interventions, set at 180 million barrels, was almost exhausted.

The OPEC+ decision to cut production, if adopted, would be a disaster for Joe Biden. With a little more than a month left before the midterm congressional elections, the Democratic Party's chances of holding a majority if fuel prices start to rise again in the country will drop sharply.

The planned decision of the G7 countries and the EU to introduce a ceiling on prices for Russian oil does not contribute to holding the cost of oil futures. Experts believe that in this case, Moscow can drastically reduce production and even completely stop exporting hydrocarbons to "unfriendly countries."

It became known that Deputy Prime Minister of the Russian Federation Alexander Novak will support the decision of OPEC + to reduce production due to the fact that "Russian oil is already being sold at a big discount." The Financial Times writes that Saudi Arabia, which has a very tense relationship with Washington, is seeking to raise oil prices to "anger the US and help Russia."

Comments

[Mavrikiy]

“Complete disaster and hostile act”: This is how Washington assesses a possible OPEC + decision to reduce oil production

Exit one. Gouge OPEC, carpet bombing and take everything for yourself. But it won't save. Recovery will take at least six months. There will be no more oil on the market, but it will be its own, cheap. And who is looking at the Papuans of Europe ....

[Pravodel]

Exit one. Gouge OPEC, carpet bombing and take everything for yourself.

Do you mean the Anglo-Saxon robbers or are you adding someone else here?

[credo]

I think that the situation should not be simplified and it is simply reckless to think that the Anglo-Saxons are stupid.
If you remember that the Saudis hold their assets of 800 billion S in the US and it is not known how much more in the EU, and also that the majority of their technical, military and household equipment comes from the US and the EU, the conclusion suggests itself - if the US does not "persuade" the Saudis and the Middle Eastern monarchies to increase production, then other levers of "persuasion" will be used, such as the notorious packages of sanctions against Russia.
After all, they are not downs and use war only when the rest of the arguments have already come out.

[SKVichyakow]

Quote: credo

if the United States does not "persuade" the Saudis and the Middle Eastern monarchies to increase production

The US will not persuade the Saudis. And there will be no other pressure, because it will only get worse, and they know it.

[suhorukofal]

Quote: credo

The Saudis hold their 800 billion S assets in the US

The Saudis have all the assets of about $ 300 billion and they have begun to show them for a long time. If I'm not mistaken, this was one of the first signals about the deterioration of relations with the United States. Here the Saudis withdrew capital, and what our people were waiting for, it’s hard for me to understand.

[bayard]

Quote: suhorukofal

The Saudis have all the assets of about $ 300 billion

Previously, in one investment in the United States, the Saudis held 700 billion dollars. , and 300 billion, this is apparently the state reserves. But after the accusation of the crown prince in the murder of Khashoggi and other insults, not only state reserves began to be withdrawn from the United States, but also all the investments of other princes (and there are so many of them that you can lose count) ... Yes, they were asked to increase production by a million barrels, and they decided to cut by 2 million.
Handsomely .

[Nyrobsky]

Quote: credo

I think that the situation should not be simplified and it is simply reckless to think that the Anglo-Saxons are stupid.
If you remember that the Saudis hold their assets of 800 billion S in the US and it is not known how much more in the EU, and also that the majority of their technical, military and household equipment comes from the US and the EU, the conclusion suggests itself - if the US does not "persuade" the Saudis and the Middle Eastern monarchies to increase production, then other levers of "persuasion" will be used, such as the notorious packages of sanctions against Russia.
After all, they are not downs and use war only when the rest of the arguments have already come out.

If the mattresses again decide to play with other people's money with arrests and freezes, then they will scare away all the remaining holders of the dollar and securities, and this is a trick for the United States. They are already looking askance and with distrust, after 300 billion were slandered from Russia. It is unlikely that they will touch the assets of the Saudis.
With weapons, yes, their brains can vanish.

[Plate]

Similar measures have already been introduced against Iran. That is, what happened to Russian money is not an isolated case, as one could say before. In addition, there were some troubles with German gold when the Germans under Merkel wanted to look at it, but in the end they could not. And they just forgot about it. And everything.
If the Americans are not given money by the whole world, then the collapse of their economy will be like a shock wave around the world ... This, of course, no one wants. And who guarantees that the US will not try to use its armed forces to "restore world democracy"? It is the nuclear powers on the side of such threats. But, say, Germany is the same? It sounds fantastic, but if the Germans resist in case of anything, it is quite possible to go from Ramstein to Berlin to overthrow the "heirs of Hitler" (or whom they will announce there). And it’s probably not even necessary to talk about how careful all Caracas, Brasilia, Tripoli and Cape Towns need to be in this context.
I am not an expert, but in my opinion, the current US will not be able to live without plundering the world. Therefore, if they feel that the world is successfully and for a long time stopping this, then they will also feel their imminent death. By analogy with Putin: "Is this world worthy to exist after it destroys America?"

[Dva parovoza]

You just have an incredible megamind.

[cold wind]

A price ceiling on the purchase of oil can be imposed against any country. There are many real reasons for imposing these sanctions against Saudi Arabia. War in Yemen, support for terrorism, killings in other countries, violation of human rights, etc.
Naturally, they defend themselves, launch preventive measures.

[bk316]

A price ceiling on the purchase of oil can be imposed against any country.

In response to the price ceiling, OPEC+ introduces floor US prices.

[stelltok]

In response to the price ceiling, OPEC+ introduces a price ceiling for the US

They went ahead.

[Nyrobsky]

Quote from cold wind

A price ceiling on the purchase of oil can be imposed against any country.

So what's the point? Well, they will limit the ceiling, and in response, the manufacturer will limit production, increase demand in the market and raise the price to the level that he needs. If oil is sold by tankers, then the consumer can get better, and if it is sold in glasses, then a fight will start over these glasses.

[Edik]

Quote: Nyrobsky

So what's the point?

The point is to drop the economy of a country that is not waving, but the fact that prices will rise is a cost.

[Nyrobsky]

Quote: Edik

Quote: Nyrobsky

So what's the point?

The point is to drop the economy of a country that is not waving, but the fact that prices will rise is a cost.

And what about the boomerang? He will return inevitably. After all, that is why in Washington they swept the caviar, that their Wishlist threatened to roll over them, moreover, with an asphalt paver skating rink.

[Edik]

The stakes are too high and something must be sacrificed. I don’t know if this is the irony of history or someone’s tool, the Saudis again .. Then there was the USSR, now the USA.

[Plate]

Quote: Nyrobsky

So what's the point? Well, they will limit the ceiling, and in response, the manufacturer will limit production, increase demand in the market and raise the price to the level that he needs. If oil is sold by tankers, then the consumer can get better, and if it is sold in glasses, then a fight will start over these glasses.

I think it makes no sense, not even because the producer will simply stop selling oil at a lower price. This in itself is not an argument. If the West were the only (or at least the largest) buyer of oil in the world, then such sanctions could work. But we live, fortunately, in the 21st century, when there are other industrial centers besides the West, in need of the same huge supply of oil. So even to reduce production will not be necessary. Just send tankers to China, India, Korea and Taiwan (unless they decide to support this nonsense). The West consumes a lot of oil. Almost half of all oil in the world. But still a little less than it (counted on the basis of the Wikipedia table a little less than 45%). He is in a very advantageous position in this context, but still not in order to dictate something so confidently.

[Nyrobsky]

Quote: Plate

I think it makes no sense, not even because the producer will simply stop selling oil at a lower price. This in itself is not an argument. If the West were the only (or at least the largest) buyer of oil in the world, then such sanctions could work. But we live, fortunately, in the 21st century, when there are other industrial centers besides

So after all, we are not talking about selling or not selling at a reduced price, but about creating a shortage of supply. If it is not provided, then such a thing as "temptation" will come into play, when other buyers refuse to buy at current prices and begin to insist on the price set as a result of manipulations by the United States and Co. Now the "entertainers" of the price limit are at risk of grabbing oil at $150-200 and getting international "goats" from all other world consumers, who will have to take oil for the same $150-200.

[Plate]

So maybe that's what they're trying to achieve? Now oil is going to go down at 200, the whole world is so, to put it mildly, freaking out that it will fall into such a hysteria, under which you can do whatever you want. The West, back in the XNUMXs, began the gradual destruction of the world order by withdrawing from the ABM treaty. Trump clearly outlined his goal: the elimination of the system of multilateral agreements, the transition to bilateral obligations. The INF Treaty was covered up as one of the important treaties in this regard (I consider it harmful both for Russia and for the States, but nonetheless). This year, in general, the dressing of the uttermost has begun. The work of the UN Security Council is actually blocked, because in the current situation, any resolution is vetoed either by Russia, or the same States, or one of them sang along. It is not clear what will happen with contracts for gas supplies to Europe after the explosions of the Nord Stream.
In general, global connections are being destroyed by our globalist for some reason. To provoke a rise in the price of oil fits perfectly into this chain. Europe has already received its kick and continues to receive it. If oil rises to 200, then India, China and Japan will get a kick. As if they are trying to kick Russia in Ukraine.
It is indicative that against the backdrop of such a dressing down, the States zealously and promptly extended START-3 last year.

[Sergej1972]

Who could have imagined not so long ago that Russia and Saudi Arabia would show solidarity on many issues. In general, one gets the feeling that the leaders of a number of monarchical Arab states sympathize with Russia and Putin personally.

[Vitaly161]

The Monarch sympathizes with the Monarch, what surprises you then?

[alexey sidykin]

By the way, the USSR was the first to recognize Saudi Arabia ...

[Vitaly161]

The USSR was the first to recognize Israel, I see the Jews are so grateful now that there are no words

[Leontrotsky]

The USSR did a lot for Israel to succeed. And it was a mistake. For there are no fraternal peoples in politics. A lesson for us for the future.

[alexey sidykin]

In the situation with Arabia, we ourselves, in fact, broke off relations for no reason.

[Leontrotsky]

Well, to monarchies, this is to small Britain. So to speak, to a constitutional monarchy without a constitution))

[Reptiloid]

Quote: Sergej1972

.... one gets the feeling that the leaders of a number of monarchical Arab states sympathize with Russia and Putin personally.

They simply follow what is happening, do not forget, do not forgive insults, a patronizing tone and stupid, impudent pointers.
That's what Biden needs.

[262019]

They just do not miss the opportunity to sell less,
but more expensive. And if you can at the same time click on the nose of the main buyer so that he does not bully him too much, then the benefit is double.

[Reptiloid]

It was said that

we will only sell under long-term contracts

It was explained why --- how much, when, how delivery, that is, there should be the possibility of planning, and not fulfilling the whims of buyers. After all, none of them wanted long-term contracts, everyone is against it. With groans of high cost. That is, none of the buyers refused the desire to keep suppliers for Faberge! That's what.

[Ru_Na]

In general, one gets the feeling that the leaders of a number of monarchical Arab states sympathize with Russia and Putin personally.

The East has always valued strong leaders, in their opinion Putin is such, besides, the Saudis are very annoyed by the US policy in the region and their attitude towards allies.

[Zhan]

Quote: Sergej1972

Who could have imagined not so long ago that Russia and Saudi Arabia would show solidarity on many issues. In general, one gets the feeling that the leaders of a number of monarchical Arab states sympathize with Russia and Putin personally.

Nothing surprising. During Bidon's last visit, an attempt to negotiate an increase in production was refused, citing the fact that Russia had fulfilled all its promises and conditions under the agreements, and America was not alone. The level of business confidence in staff members is zero.

[Azim77]

Quote: Sergej1972

Who could have imagined not so long ago that Russia and Saudi Arabia would show solidarity on many issues.

This is natural:
1. The empire of evil, Satanism is now not the Russian Federation (USSR) in the eyes of the Arabs. Then the United States went over their ears well that Muslims in the USSR were oppressed by atheists and so on. But now, when electronic information is easily distributed in the world, it has clearly become clear, xy from xy.
2. for the initial development of 70, the Arabs needed external finance to attract specialists, and so on. In addition to oil, they had nothing in return. So they were milked, candy wrappers were changed for oil.
3. Now the economy has a good source of income from tourism and other areas. And now the Arabs can already bargain and it is profitable for them to sell more for less.

[Andobor]

Quote: Sergej1972

one gets the feeling that the leaders of a number of monarchical Arab states sympathize with Russia

Naturally, if rainbow Kaabas are being built there, and we have some units under “Allah Akbar” going into battle.

[midivan]

Quote: Sergej1972

Who could have imagined not so long ago that Russia and Saudi Arabia would show solidarity on many issues. In general, one gets the feeling that the leaders of a number of monarchical Arab states sympathize with Russia and Putin personally.

If "you" grabbed someone by the throat with both hands, then this is reliable, and if you try to grab four throats with both hands, then "they" will wait until "your" hands weaken and begin to reach for "your" neck.

[vadimtt]

How would the kingdom of Saudi Arabia not become a democratic republic

[Zadok]

...as part of the Russian Federation =)

[mitrich]

Wanted a second Ichkeria many times larger and more religiously stubborn?

[Sergej1972]

What for? This territory has never been part of the Russian Empire or the USSR. Better let it be a moderately friendly state towards us.

[Vasilenko Vladimir]

Quote: vadimtt

How would the kingdom of Saudi Arabia not become a democratic republic

the advent of democracy in love. from the Middle East will mean civil war, as a result, prices will all skyrocket

[Leontrotsky]

Well, it's unlikely. Although this is more likely than true democracy in the United States

[filibuster]

There are not stupid people in OPEC, Russia is under sanctions, they want to introduce some marginal price for its oil (or have already introduced it), this is a great time of opportunity to get unplanned windfall profits.

[paul3390]

Not everything is so simple - the impudent Saxons seemed to like to seize, like, excess loot from the raw material producers .. If Russia was brazenly robbed, then God himself ordered the Saudis to be plucked ..

[filibuster]

You have some strange idea of ​​​​the “nagla-Saxons” as gods, and in the meantime they couldn’t do anything even with Venezuela. Do not be like propaganda about a "united West", in the West they compete with each other most of all.

[paul3390]

Fuck yourself - nothing!! How much they took back one piece of gold, not to mention the rest of the property ..

[Sailor]

Everything is logical. How much can you be rude and ignore the legitimate interests of energy suppliers?

[Maks1995]

Saudi oil sheikhs liked the easy money.
Only the price began to fall, - once, and they fussed. Well, to all the miners too ...

By the way, this refers to the endless stream of media that YUSA keeps everyone in a tight rein.

[Vitaly161]

the answer for the gas pipeline is going on, everyone understands whose hands it is, and everyone also understands that the hegemon completely beguiled the coast

[paul3390]

The Saudis have nothing but oil, sand and camels. And the population is overwhelmed. Therefore, for them, the low prices of death are like ..

[South Ukrainian]

Quote: paul3390

Therefore, for them, the low prices of death are like ..

I was in Jeddah about 4 months ago, this is the second city after Riyadh and KSA. What surprised me: a large-scale reconstruction of the city, the old quarters are being demolished, and new ones are being built in their place. This is one of the points in favor of your words, he is that they need money.

[Bolt cutter]

Saudi Arabia, which has a very tense relationship with Washington

He understands perfectly well that a "ceiling of prices" can be introduced against them for non-observance of the rights of African sexual minorities to get valuable raw materials on the cheap, if this mechanism works.

[tralflot1832]

Why panic in the US country of a gas station, increase your oil production or sell the state reserve. Otherwise, you are used to shifting your problems to others. What did the drilling rigs sell for scrap? Or shale oil with such prices has become unprofitable in production. Stop depending on others, you need to deal with import substitution, not print bucks.

[Reptiloid]

Quote: tralflot1832

Why panic in the country of a gas station in the USA, increase your oil production ..... you need to deal with import substitution, and not print dollars.

After all, they continue to export and steal Syrian oil. So increase while still panicking

[Uprun]

So recently, the GDP spoke with the crown prince .... they frayed ..., here the can is raging .... it burns under it ..., but they don’t care about the EU .... they want to die, let them die ....

[Bolt cutter]

GDP communicated with the crown prince .... frayed

GDP, I remember, gave him mercenaries of prisoners. What about the crown prince without a gift?

[tralflot1832]

With such a "gift" the prince became a dove of peace. His executioner took out an ax and sharpens it with pleasure. However, their tradition is to chop off the heads of unfaithful Muslims. The laws of the Saudis must be respected.

[Bolt cutter]

, infidel Muslims

As far as I know, Christians and Jews are People of the Book and are not considered infidels in Islam.

His executioner took out an ax

In Saudi Arabia, a curved saber is used.

[tralflot1832]

Maybe they already gave him an ax? Although he manages well with a saber, he never thought that he doesn’t raise a saber so high. But they have all this after the trial, and not according to the mood of the monarch.

[Mikhail Sidorov]

GDP, I remember, gave him mercenaries of prisoners. What about the crown prince without a gift?

Mnogohodovka from Putin. Curious.

[rotmistr60]

the prospect of production cuts has been described as a "total disaster" and warned that it could be seen as "hostile act".

Even so - nothing more, nothing less than a "hostile act"? And to fight with Russia while Ukrainian hands is not a hostile act? But blowing up gas pipelines is not a hostile act? They got used to living by the principle - I turn what I want, and the rest are obliged to adapt. If everything happens as planned at OPEC +, then we can only rejoice at this. By the way, send a big hello to Europe about setting a fixed price for oil.

[South Ukrainian]

.this can be perceived as a "hostile act"

When more than thirty years ago, the same OPEC, only with the states, increased oil production in order to reduce the price and finish off the Soviet Union, it was a fight against evil, and today it is an act of aggression. I really hope that the production will be reduced.

[Vitaly161]

there are no options, consider this our answer for the explosion at SP1,2, well, plus I think there are no fools so as not to warm your pocket for a common boil)

[Vladimir Vladimirovich Vorontsov]

"Total disaster and hostile act":

***
- Fly (Muhammad ibn Salman ibn Abdul-Aziz Al Saud) -
- “Yes, I sent these USA with their G-7 to F of everyone” ...

***

[Buyan]

Here are the scoundrels, blowing up gas pipelines is normal, but rising gas station prices in the United States is a real disaster. Eat now and yourself with a full spoon

[Leontrotsky]

They are not rascals. They are terrorists. And an empire of lies

[Vasilenko Vladimir]

that's what kills me in Western psychology is "what about us?!!!"

[Zadok]

can someone explain how this "ceiling" works? Here I have a bottle of beer and I want to sell it for 100 rubles. and Vasya says: "no, only for 50, no more." I say: "OK, then I'll sell Petya for 120, he'll take it."

Although I am an engineer minus an economist, I don’t understand.

the government can set a ceiling, for example, on bread. but then it must subsidize agriculture for the difference between the price and the ceiling. But what about export oil?

[Vasilenko Vladimir]

Quote: Sadok

Although I am an engineer minus an economist, I don’t understand.

and no one understands

[Amateur]

Although I am an engineer minus an economist, I don’t understand.

This is understood exclusively by the commissioner-gynecologists and a little Polish-Baltic MEPs.

[Negro]

And what is incomprehensible?

Brand Brent now costs around $90, Russian Urals, respectively, around $60. The European Union issues a piece of paper that the price of Russian oil should not exceed $50. Accordingly, either sell at that price as much as you can, or don't sell at all.

Quote: Sadok

I say: "OK, then I'll sell Petya for 120, he'll take it."

Chairman Petya is aware that they won’t take more than 50 from you anywhere else, so they won’t give you more than 51. Plus, comrade Petya, you need to carry this oil through the railway instead of the pipeline, this in itself costs 30 bucks.

[Zadok]

well .. "on thin". there is still a problem that if the refinery is imprisoned for Urals, then it will not be able to eat Brent. and vice versa.

about Petya too)) "Petya, don't take it, walk on"

in general, "everything is strange and strange" (c)

[Negro]

Quote: Sadok

Petya, don't take it, walk on"

Well, he walks. If he has a plant for Saudi oil, then he doesn’t need to change to the Urals for free.

Quote: Sadok

if the refinery is sharpened for Urals, then it will not be able to eat Brent. and vice versa

On the contrary, it’s really unlikely, but Brent is initially cleaner than the Urals, it’s easier to adapt to it.

[Leontrotsky]

It's just that in the EU they think that the Russian Federation will sell them at $ 10 per barrel)) I'm afraid they will be disappointed and a cold winter

[Ulan.1812]

Quote: Sadok

can someone explain how this "ceiling" works? Here I have a bottle of beer and I want to sell it for 100 rubles. and Vasya says: "no, only for 50, no more." I say: "OK, then I'll sell Petya for 120, he'll take it."

Although I am an engineer minus an economist, I don’t understand.

the government can set a ceiling, for example, on bread. but then it must subsidize agriculture for the difference between the price and the ceiling. But what about export oil?

As far as I understand, since the ban applies only to oil supplied by tankers, there will be a ban on shipping companies to transport such oil, and we have few tankers of our own, a ban on marine insurance, and this, if I'm not mistaken, is handled by the English insurance company LLOYD. Well, a ban on tankers entering ports.
True, I think there is always an opportunity to circumvent these prohibitions.
Well, for example, allegedly mixing Russian oil with Azerbaijani oil on the territory of Kazakhstan, for example, and it will already be supposedly Kazakh oil. And she is not subject to restrictions. There are probably other ways to get around. In general, in my opinion, this idea is initially a failure.

[Pereira]

Why not make a price floor. Dolariev, that way, 120?

[Negro]

Quote: Pereira

Dolariev, that way, 120?

Enter who will ban you.

[Mikhail Sidorov]

the Biden administration has described the prospect of production cuts as a "complete disaster" and warned that it could be seen as a "hostile act."

We will now wait for riots on fictitious reasons in the countries that supported the reduction in production.

[Amateur]

that Russia and Saudi Arabia insist on it.

Is the prince paying for a pardoned mercenary?

[Andobor]

Quote: Amateur

Is the prince paying for a pardoned mercenary?

Not necessarily specifically, but somehow this is how it all works, it was not out of kindness of heart that they were given to him.

[Negro]

Even the Saudis are already trolling Biden, okay.

[Old Doctor]

As I understand it, for the US leadership, hostile acts are everything that does not benefit them. In this regard, I remembered an old anecdote. The US government and president were surprised to find that there was some kind of Arab country above their oil field. I wonder - in connection with this "hostile act" will the US take action to bring democracy to Saudi Arabia?

[Skipper]

Well, here is Putin's answer to the amers for undermining the SP-1 \ 2.

[Ulan.1812]

And there was no need to push through the stupid initiative to set a price ceiling for Russian oil.
Quite logically, other members, OPEC, suggested that such a sanction could be imposed on them, since the American bandit has no brakes and it is not known what else they will invent.
So they answered.
Here you have the market and free competition, with which Yegor Golikov (Gaidar) and other Chubais and Kudrins fooled us.

[igor.borov775]

Hi!! They removed it from the language. Now each country is closely watching what will happen next. It's not just about OPEC, other non-member countries are closely watching developments. OPEC is the big traders, but there are others. If they succeed, they won't be offended either. Let's wait and see how buyers react.

[Metallurg_2]

The Saudis apparently decided to re-lose 1985, only in the opposite direction. Now urgently in the KSA they will look for a lack of democracy

[Buyan]

Quote: Leontrotsky

They are not rascals. They are terrorists. And an empire of lies

Just pirates feeding on others

[locks]

A very timely decision) The Democrats will have a hard time. US oil reserves have already fallen by 40%.

[Viktor Sergeev]

That is, the current growth of the Americans is not enough? Well, stupid.