Chapter 1732: OPEC Cuts Production

Ali, the Saudi Minister of Mines, left angrily. This time, the negotiations with the United States broke down again.

The United States is determined to acquire this shale oil, which is also in the interests of the United States and those large consortia in the United States, but it is definitely not in the interests of Saudi Arabia.

Although Ali has expressed on behalf of Saudi Arabia that he will continue to deepen cooperation with the United States on oil, and can even provide the United States with crude oil supply lower than the international price, but the United States does not agree.

The United States believes that the energy strategy cannot only rely on Saudi Arabia, which will make them constrained by Saudi Arabia in turn. Why does the United States do so many things in the Middle East? Isn't it just for profit.

If the United States can control Iran, Iraq and other countries, even if Saudi Arabia breaks up with the United States, it will be fine. Saudi Arabia has a lot of oil, and so do other countries.

Saudi Arabia has always wanted the boss of the Middle East, everyone knows this. Their biggest bargaining chip is not that they have the most oil reserves or the highest oil production, but that they are the birthplace of Islam, and they have the holy city of Mecca, so they have a lofty status in Islamic countries.

Although Saudi Arabia has always said that it is a neutral country and does not participate in wars, it has not bought less arms~fire these years. For example, countries such as Israel are very threatening to them. In order to protect themselves, Saudi Arabia once wanted to buy intercontinental missiles from the United States, but the United States did not sell them.

Negotiations with the former Soviet Union were also unsuccessful. After all, the former Soviet Union supported Israel, so they found Huaxia.

At that time, Huaxia spent a lot of money on the research and development of the Dongfeng series of intercontinental missiles, and Huaxia was also at the time when it was clinking poorly.

Saudi Arabia wanted to buy it, and Huaxia wanted to sell it. It was a perfect match.

Then Huaxia sold 35 of them to Saudi Arabia at a high price of 100 million U.S. dollars, and it is said that they also gave one as a gift. And help to complete a full set of guided missile base construction, training related technical personnel, etc., the service is very good.

At that time, Saudi Arabia not only gave money, but also provided Huaxia with some relatively advanced oil extraction and refining technologies, which were also urgently needed by Huaxia.

The total amount of this transaction exceeded Huaxia's foreign exchange reserves at that time!

It was also after that that Saudi Arabia discovered that the United States was unreliable. Began to establish diplomatic relations with Huaxia frequently. In order to check and balance the United States, Saudi Arabia has also established diplomatic relations with the island country. After all, the island country is also the world's top importer of crude oil.

Although the relationship with the former Soviet Union is not good, even with Russia, Saudi Arabia still maintains normal diplomatic relations with Russia, and now has a good relationship with the European Union.

Saudi Arabia has established a huge diplomatic network relying on oil and money, just like the rich second generation relying on money to create a circle of friends.

What is the status of Saudi Arabia? Oil is cheaper than water there. A full tank of gas costs no more than six dollars, while the same amount of water can cost upwards of ten dollars. Their seawater desalination technology is also the first in the world, and their seawater desalination capacity accounts for one-fifth of the world's total.

Desalination of seawater is very expensive, which is not a problem for them, and there is still a 24-hour tap water supply for people all over the country.

The missile base built by Huaxia for Saudi Arabia turned into a bustling city after a few years.

Saudi Arabia bought Huaxia's intercontinental missiles at that time. Is it useful? Yes, and it works a lot.

Not to mention the big countries that had intercontinental missile technology at that time, none of them sold it, China was the first, and they were poor at that time.

Then Sa Damu led Iraq to capture Kuwait in one day, and drove directly to the border of Saudi Arabia. At that time, Iraq's military strength was No. 1 in the Middle East, and it was all equipped with Soviet equipment, and it was also a strong force.

But at that time, after Saudi Arabia used satellite TV to announce the video of their deployment of intercontinental missiles, Sa Damu was also persuaded. People can directly use guided missiles to destroy Iraq. The range of the guided missile can go directly from Saudi Arabia to the Philippines, let alone hit your old nest in Iraq.

Also since then, Saudi Arabia's status in the Middle East has grown. I don't hit other people,

But no one hit me. If anyone of you thinks that we have a small number of missiles, then we will spend another 3.5 billion US dollars, or even 35 billion US dollars to buy another batch!

However, Saudi Arabia, which can only threaten but not act, wants to be the leader of the Middle East. In fact, many countries do not agree. But isn’t there a lot of wars over there? Saudi Arabia spends money on food and medicine, and the other side supports them in some things.

This kind of local tyrant's approach is really effective. It is said that many of China's economic aids to those small countries in Africa have a purpose with Saudi Arabia. I will give you money and your voting rights. Follow me.

In recent years, from the establishment of OPEC to becoming the leader of OPEC, Saudi Arabia has been smooth sailing. They have maintained good relations with big countries, and relying on the treasure of crude oil, they are very important in the hearts of many big countries.

But this time, the United States is going to move their interests. If they don't express it, I'm afraid the United States will think that Saudi Arabia is easy to bully!

Ali reported the situation to King Abdullah, and Abdullah let him return home. After returning to China, these politicians discussed together and came up with a good solution.

Didn’t Iran and other countries want to cut crude oil production some time ago? As a result, Saudi Arabia did not agree at that time, and few members of OPEC responded. Some even announced production cuts and then increased production.

Now that the oil price is high, do they want to mine more and sell it for money? Who knows when the oil price will drop?

This is also because there is no consensus among the members of OPEC, so there is no force formed. Although their output accounts for only 40% of the world, they are the largest group of net oil exporting countries!

Abdullah called other OPEC members to hold a meeting this time to discuss the amount of crude oil production.

Feng Yu heard that the oil and mining ministers of Saudi Arabia did not reach a consensus with the United States. It is said that his face was very ugly when he left, and there was no important news report on crude oil in the United States. He has already confirmed that the matter should be done. Oil prices should go up too.

At this time, the price of crude oil has fallen again, and has fallen below 90 US dollars. Many experts even say that the price of crude oil may fall back to around 80 US dollars, or even lower.

If there is no OPEC involved, then this possibility is very high. After all, is a lot of money going to speculate in gold? But as soon as the news came out, the result was self-evident.

Feng Yu called Kirilenko, Fu Rongqi and others to prepare and reduce hedging. Crude oil is about to rise sharply!

They have been watching the international news all the time. Why hasn't the good news that Feng Yu said appeared yet?

Just when they were impatient to wait, the OPEC organization publicly announced: Starting next month, OPEC's crude oil production will be reduced, a large reduction in production!

As soon as this news came out, the whole world was shocked!

... (To be continued.)

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