Why the Saudi Arabia (and other Gulf countries) don’t cut oil production? What’s in their agenda?


Saudi Arabia convinced its fellow OPEC members that it was not in the group’s interest to cut oil output however far prices may fall. Suppliers from outside the Organization of Petroleum Exporting Countries should cut “irresponsible” output, U.A.E. Energy Minister Suhail Al Mazrouei said in Abu Dhabi yesterday. Even if non-OPEC producers were to offer cuts, OPEC probably wouldn’t follow suit, Saudi Oil Minister Ali Al-Naimi said. The biggest oil producers outside OPEC are the U.S. and Russia.

Oil Production Non Opec countries averages
Oil Production Non Opec countries averages

Oil fell about 20 percent since OPEC chose to maintain its production target at a Nov. 27 meeting, seeking to defend market share rather than prices. The highest U.S. crude output in at least three decades is contributing to a glut that Qatar estimates at 2 million barrels a day.

Hard-hit countries like Iran, Russia and Venezuela suspected the move was a coordinated effort between the oil kingdom and its longtime ally, the U.S., to weaken their foes’ economies and geopolitical standing.

Continue reading Why the Saudi Arabia (and other Gulf countries) don’t cut oil production? What’s in their agenda?

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North Korea’s Geopolitical and Military Games in the Middle East


Pyongyang’s one and only focus on survival virtually ensures North Korean weapons will continue to be found in the hands of those bent on Israel’s destruction. But why?

I wanted to do some research about North Korea's influence in the Middle East. I don't know how exact can be the sources i've already found but if you would like to comment or add something , or if you don't agree please feel free to do it.

Pyongyang has fewer foreign embassies than many other capitals, but the DPRK’s showcase city is home to one that even Washington lacks: Palestine.

Since the early 1960s, North Korea has staunchly supported the establishment of a Palestinian state. From training Palestinian militants in the 1970s, to helping Hezbollah build underground tunnels into Israel in the mid-2000s, North Korea has maintained an active presence in the Middle East. North Korea’s war on Israel and the Jewish people has been going on for decades! From North Korean pilots flying combat missions against Israel, to a band of North Korean-trained terrorists spreading death at an Israeli airport, the North’s little-known role in Middle East terror will be revealed in this eye-opening lecture by Lawrence Peck.

Continue reading North Korea’s Geopolitical and Military Games in the Middle East

Des regards croisés sur l'Europe et le Moyen Orient

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