TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
TFIGlobal
TFIGlobal
No Result
View All Result

Saudi Arabia denies to be dragged into a war it doesn’t belong to

Vikrant Thardak by Vikrant Thardak
March 2, 2022
in Geopolitics
Reading Time: 2 mins read
0
Arabia
676
VIEWS
Share on FacebookShare on Twitter
Become a Patron!

The Arab world, led by Saudi Arabia and the UAE, has mostly remained silent on the ongoing Russia-Ukraine war. The UAE, a non-permanent member of the UN Security Council, has already expressed its non-alignment strategy by abstaining from UN resolutions over Ukraine.

And Now, Saudi Arabia also seems to have prioritized Russia and has decided to stick to it its pledge to remain committed to the OPEC plus agreement reached July last year.

Also Read

Iran on its way out of Lebanon as Christian party defeats terror outfit Hezbollah in elections

“Go put a gun on our foreheads. We won’t give up.” Serbia stays rock-ribbed in its stance on Russia

Moscow faces sanctions and Arab nations face pressure from West

Following its invasion of Ukraine, Moscow is facing widening sanctions from the West. Due to disruptions in the energy supply chains originating out of Russia, fuel prices have surged to record levels across the globe.

Hence, western nations are increasingly calling on OPEC nations to shore up oil supplies. Make no mistake, only Saudi Arabia and the UAE have spare capacity to boost oil production and mitigate the impact of throttled oil exports from Russia.

However, much to the west’s disappointment, Saudi Arabia has now declined to break away from the OPEC plus agreement. Crown Prince Mohammed bin Salman made the comments during a conversation with French President Emmanuel Macron.

Read More: Here is why UAE abstained from voting against Russia in the UN

MBS makes no bones about its commitment to the OPEC+ agreement

The Saudi Press Agency reported that “In this regard, His Royal Highness the Crown Prince affirmed the Kingdom’s keenness on the stability and balance of oil markets and the Kingdom’s commitment to the OPEC Plus agreement.”

OPEC plus agreement was reached last year involving 23 major oil-producing nations like Russia and Saudi Arabia. These nations had pledged to collectively increase output each month by 400,000 barrels a day, beginning in August 2021.

Reuters recently quoted various OPEC sources confirming that the oil-producing nations will stick to the original agreement despite vehement pressure from the US and expanding sanctions on Moscow.

Russian President Vladimir Putin also held a call with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan on Tuesday in which they discussed the OPEC+ deal and pledged to continue coordination on global energy markets.

Saudi Arabia prefers Russia over the US

Saudi Arabia has so far resisted the calls from the US to increase oil output to dampen the red-hot market. Oil prices have rallied to their highest levels in over seven years this week on tight supply and disruptions to crude exports from Russia, and now Saudi Arabia’s rejection to expand oil production is all set to exacerbate the situation.

Heightened inflation is a big electoral issue in the US before the upcoming mid-term elections, and MBS’s unrelenting attitude over oil production may very well drive Biden’s re-election ambitions into the ground. It will also give Russia an upper hand in the Russia-Ukraine crisis, and it will prevent the west from imposing harder sanctions on the Russian energy sector.

 

Tags: MBSRussiaSaudi ArabiaUN Security Councilunited states
ShareTweetSend
Previous Post

TikTok bans Russia; well that’s Jinping cancelling Putin

Next Post

A world governed by WHO: funny as it may sound, it is actually shaping up

Also Read

Mission Syria: Biden is out to fulfil Obama’s unrealized dreams

Mission Syria: Biden is out to fulfil Obama’s unrealized dreams

May 16, 2022
Scholz likely to get replaced in Germany after SPD suffers Historic defeat in its forte

Scholz likely to get replaced in Germany after SPD suffers Historic defeat in its forte

May 16, 2022
Iran on its way out of Lebanon as Christian party defeats terror outfit Hezbollah in elections

Iran on its way out of Lebanon as Christian party defeats terror outfit Hezbollah in elections

May 16, 2022
“Go put a gun on our foreheads. We won’t give up.” Serbia stays rock-ribbed in its stance on Russia

“Go put a gun on our foreheads. We won’t give up.” Serbia stays rock-ribbed in its stance on Russia

May 16, 2022
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Europe to activate Nord Stream 2 gas pipeline very soon   

Europe to activate Nord Stream 2 gas pipeline very soon  

May 14, 2022
Qatar scraps its LNG deal with Germany at the last minute citing new conditions

Qatar scraps its LNG deal with Germany at the last minute citing new conditions

May 11, 2022
‘Slovakia’s food is for Slovakians,’ Slovakia’s trade restrictions leave EU fuming

‘Slovakia’s food is for Slovakians,’ Slovakia’s trade restrictions leave EU fuming

May 14, 2022
China makes the last-ditch effort to prevent its faulty weapons from getting exposed in Ukraine

China makes the last-ditch effort to prevent its faulty weapons from getting exposed in Ukraine

May 10, 2022
The Bill Gates connection behind the dire baby formula shortages in the US

The Bill Gates connection behind the dire baby formula shortages in the US

May 13, 2022
Europe to activate Nord Stream 2 gas pipeline very soon   

Europe to activate Nord Stream 2 gas pipeline very soon  

After debt-trapping Africa, China “ship-traps” the US

After debt-trapping Africa, China “ship-traps” the US

Turkey spoils the big NATO unification party

Turkey spoils the big NATO unification party

European Union comes up with a clever plan (to bypass its own sanctions on Russia)

European Union comes up with a clever plan (to bypass its own sanctions on Russia)

One of the deadliest snipers of the world exposes Ukraine’s ‘We are winning’ façade

One of the deadliest snipers of the world exposes Ukraine’s ‘We are winning’ façade

Mission Syria: Biden is out to fulfil Obama’s unrealized dreams

Mission Syria: Biden is out to fulfil Obama’s unrealized dreams

May 16, 2022
Scholz likely to get replaced in Germany after SPD suffers Historic defeat in its forte

Scholz likely to get replaced in Germany after SPD suffers Historic defeat in its forte

May 16, 2022
Iran on its way out of Lebanon as Christian party defeats terror outfit Hezbollah in elections

Iran on its way out of Lebanon as Christian party defeats terror outfit Hezbollah in elections

May 16, 2022
“Go put a gun on our foreheads. We won’t give up.” Serbia stays rock-ribbed in its stance on Russia

“Go put a gun on our foreheads. We won’t give up.” Serbia stays rock-ribbed in its stance on Russia

May 16, 2022
Li Keqiang could be the next President of China

Li Keqiang could be the next President of China

May 16, 2022
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2022 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa

©2022 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.