Tag Archives: OPEC

United Arab Emirates withdraws from Saudi cartel OPEC

The decision, which comes after six decades of being a part of the organisation, was made after the nation’s production policy and its capacity was reviewed. https://www.khaleejtimes.com/uae/uae-announces-decision-to-withdraw-from-opec-opec-from-may-1 Note: Roughly half of the United Arab Emirates’ daily oil exports are delivered through Fujairah, … Continue reading

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Shadow Fleet Expansion: sanction busting

Putin and Venezuela’s Maduro sign strategic partnership agreement in Moscow By Reuters May 7, 2025 5:50 PM GMT+1Updated May 7, 2025 https://www.reuters.com/business/energy/putin-maduro-sign-strategic-partnership-agreement-2025-05-07/ Global energy markets are deeply interconnected, and oil remains the lifeblood of modern economies. However, when geopolitical tensions lead … Continue reading

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Mexico, Venezuela, Canada and US warships – and oil

Today I learned Mexico and Canada have devised new trade routes: Canada and Mexico are developing a trade route called the “Northern Corridor” to bypass U.S. tariffs, enhancing their economic ties and reducing reliance on the U.S. market. This corridor … Continue reading

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