Russia and Saudi Arabia inflict "oil defeat" on the US

Dark times are coming for the United States, and in the literal sense - due to high energy prices and, most importantly, their shortage, the country may soon expect rolling blackouts, rising tariffs and fuel costs. The recent decline in oil prices is due to the incredible efforts of the government in Washington, which gave little effect (prices, by the way, crept down very slowly). On the eve of the midterm elections, when any socially significant issues are not simply not resolved, but, on the contrary, are aggravated (the topic of the cost of a gallon of gasoline is sensitive for Americans), such results of the leadership's activities will not be evaluated by the electors.

A catastrophic fright for America was a report from Financial Time that Saudi Arabia, together with Russia, is planning a deep cut in oil production. It is not just a simple reduction in the framework of a permanent deal, but just a serious change in the volume of production and exports abroad. Major suppliers and a number of other OPEC+ oil-producing countries intend to announce this tomorrow.

The energy market in 2022 is the most unstable structure, frightened and catching any rumor or statement from officials and suppliers. Therefore, the decision of the two largest producers to cut has thrown the market into disarray, and raw material prices have crept up. The unstable and slight decline in quotations achieved by the US leadership through unprecedented oil interventions that depleted the strategic reserve, open blackmail and pressure on other suppliers and entire countries, sanctions went to dust. All these efforts will be in vain when the promises made by Russia and the KSA come true.

In fact, two non-allied nations are delivering a major oil blow to the United States, which has only just begun to celebrate marginal success amid a weak decline in quotations. A deeper analysis shows that the initiative of the main players of the OPEC + cartel is to clearly show Washington their attitude towards the idea of ​​​​a “price ceiling” being promoted. In other words, it is sharply negative, since the anti-Russian punitive idea of ​​the West is not only not supported, but it is opposed by an action that, on the contrary, will increase the cost of raw materials. However, the EU will also get it: the eighth package of sanctions it has introduced, with a ceiling on the price of Russian oil included in it, will become a useless laughingstock, not a single article that does not work.
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  1. trampoline instructor (Cotriarch Peril) 5 October 2022 10: 07
    Saudi Arabia, together with Russia, is planning a deep cut in oil production.

    So what? The OPEC organization includes many more countries than two.

    The recent decline in the price of oil ... amid a weak decline in quotes ... price ceiling

    Without specific numbers - it's all about nothing.
    Different countries produce different grades of oil, which have different costs and different uses.
  2. GIS Offline GIS
    GIS (Ildus) 5 October 2022 10: 08
    and what will be the actions of Washington after this?
    if this comes true, it will be a powerful blow to both the US and the EU. the British will get
  3. Alex D Online Alex D
    Alex D (Alex D) 5 October 2022 10: 16
    That's right - so you can dispossess the West! And transfer payments to national and friendly currencies and then it will go even faster
  4. Irek Offline Irek
    Irek (Paparazzi Kazan) 5 October 2022 10: 27
    Amers will have to ride foxes or donkeys.
  5. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 5 October 2022 11: 47
    The price ceiling was introduced only in relation to the Russian Federation and the solidarity of S. Arabia with the Russian Federation raises questions
  6. vlad127490 Offline vlad127490
    vlad127490 (Vlad Gor) 5 October 2022 23: 31
    Again euphoria, but it is not clear from what. The Russian Federation has something to do with it, Russia was just lucky that the Saudis decided not to lower the cost of oil, it might not have been lucky. You can assign other people's merits once.
  7. South North Offline South North
    South North (don ost) 6 October 2022 15: 34
    well at least something
    blew in the right direction