Extraordinary Genius

Chapter 1688 OPEC Production Reduction

Saudi Minister of Mines Ali's angry departure, this time with the US, broke down once again.

It is in the interest of the big coalitions in the United States and the United States, but it is definitely not in the interest of Saudi Arabia.

Although Ali has indicated, on behalf of Saudi Arabia, that it will continue to deepen its cooperation with the United States on oil, and that it could even give the United States a supply of crude oil below international prices, the United States side does not agree.

The US believes that the energy strategy cannot rely solely on Saudi Arabia, which in turn will constrain them. Why did the US do so many things in the Middle East, for the sake of profit?

If the US had control over Iran, Iraq and other countries, Saudi Arabia would be fine even if it broke up with the US. Saudi oil is plentiful and so are many other countries.

Saudi has always wanted to be the boss of the Middle East, everyone knows that. Their biggest chips, not the biggest oil reserves or anything, the highest oil production, but they are the birthplace of the * * * religion, and they have the holy city of Mecca, so that they have a high place in the * * * country.

Although Saudi Arabia has always said that it is a neutral country and does not participate in the war, it has bought a lot of armies ~ fire over the years. Countries like Israel, for example, pose a great threat to them. In order to protect themselves, Saudi Arabia wanted to buy intercontinental missiles with the United States, but the United States did not sell them.

Talking to the former Soviet Union was equally inconclusive. After all, the former Soviet Union supported Israel, so they found Warsaw.

At that time, Huaxia's intercontinental missile ~ missile Dongfeng series R&D cost a lot of money, and Huaxia was just when the poor Tinker Bell rang.

Saudi wants to buy it. Huaxia wants to sell it. It's a perfect match.

Huaxia then sold 35 copies to Saudi Arabia at a high price of $100 million each, and is said to have given one. And help complete the complete set of missile ~ foundation ~ construction, train relevant technicians, etc., the service is very well placed.

At that time, Saudi Arabia not only gave money, but also provided some of Huaxia's more advanced oil mining and refining technologies, which Huaxia urgently needed.

The total amount of this transaction exceeded the then foreign exchange reserves of Huaxia!

It was also after that that Saudi Arabia found the US unreliable. Start dating Huaxia frequently. In order to balance the rice nation, Saudi Arabia has also built deals with island countries, which are, after all, among the world's top crude oil importers.

Despite poor relations with the former Soviet Union and not even with Russia, Saudi Arabia still maintains normal diplomatic ~ relations with Russia, and relations with the EU are good now.

Saudi Arabia built a huge foreign ~ diplomatic network with oil and money, just like the rich generation smashed a circle of friends out of money.

What Saudi Arabia is like, oil is cheaper than water over there. Filled tanks of oil do not exceed $6, and the same amount of water may cost more than $10. Their desalination technology, which is also the world's number one, accounts for one fifth of the world's desalination.

Desalination is expensive, not for them, and there is still a 24-hour supply of tap water for the entire country.

When Huaxia built the missile base for Saudi Arabia, it turned into a flourishing city after a few years.

Saudi Arabia bought Warsaw's intercontinental missile. Did it really work? Yes, and it works great.

Not to mention that none of the major countries with intercontinental missile ~ missile technology were sold at that time. Huaxia was the first, and it was poor at that time.

Subsequently, Dam led Iraq to capture Kuwait in one day and drove directly to the Saudi border. At that time, Iraq's military power, No. 1 of Central ~ Eastern Totals, was clear of Soviet equipment, and Damji was also a powerful force.

But when Saudi Arabia released the video of their intercontinental missile dispatch on satellite TV, Sadaki was also discouraged. They can destroy Iraq with missiles. The range of the missile can go directly from Saudi Arabia to the Philippines, let alone hit your nest in Iraq.

And since then, Saudi Arabia's position in the Middle East has been cattle. I'm not gonna hit anybody, but nobody's gonna hit me. If one of you thinks our missile count is low, we'll spend another $3.5 billion or even $35 billion to buy another batch!

But Saudi Arabia, which can only threaten and cannot do it, wants to be the boss of the Middle East. In fact, there are also many countries that do not agree. But isn't there an old war over there, where Saudi Arabia throws money, gives food, supplies, smashes each other in support of something.

This homeowner's approach is really working. It is said that much of Huaxia's economic assistance in those small countries in Africa is an end with Saudi Arabia, and I give you money, your voting rights, to follow me.

By the time OPEC was established over the years and became OPEC's boss, Saudi Arabia had been a smooth breeze. They maintain good relations with the big countries, relying on the precious crude oil, which makes them very heavy in the hearts and minds of many big countries.

But this time, the U.S. is going to move their interests. If they hadn't, I'm afraid the US would have thought Saudi Arabia was a bully!

Ali reported to King Abdullah and Abdullah sent him home. When they returned home, their dignitaries discussed it together and came up with a good solution.

Didn't countries such as Iran want to reduce crude oil production some time ago, as a result of which Saudi Arabia did not agree, and OPEC member States did not respond very well, even beginning to announce cuts and then increasing production?

Now that oil prices are high, do they want to exploit some more money for sale, who knows when oil prices will fall?

This is also due to the lack of consensus among OPEC member States, which has not formed a force. Although they produce only 40 percent of the world, they are the largest group of net oil exporters!

Abdullah called other OPEC member States at this meeting to discuss crude oil mining.

Feng Yu heard that the Saudi Minister of Oil and Minerals ~ did not reach a consensus with the US. He was said to have a very ugly face when he left, and there were no important news reports about crude oil on the US side. He had determined that things should be done, oil prices should rise dramatically.

Crude oil prices at this point, again, have fallen and have already fallen by $90, and many experts have said that crude oil prices may fall back to around $80, or even lower.

If OPEC is not involved, then there is a great possibility that after all, a lot of money goes to scramble gold? But as soon as the news came out, the result was self-evident.

Feng Yu called Kirilenko, Fu Rongqi and others to prepare, reduce hedging, crude oil is going up!

They've all been watching international news. How come Feng Yu's good news hasn't shown up yet?

Just as they were impatient to wait, OPEC announced publicly that, starting next month, OPEC's crude oil production would be cut down and massive production would be cut!

As soon as this message comes out, the world is shocked!

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