Chapter 1732: OPEC production reduction

Saudi Minister of Mines Ali angered away, this time the negotiations with the country, once again broke down.
On the other side of the country, it is ironic to get this shale oil, which is also in the interest of the big consortiums of the country of rice and rice, but this is definitely not in the interests of Saudi Arabia.
Although Ali has already said on behalf of Saudi Arabia, he will continue to deepen cooperation with the country on oil, and even give the country a supply of crude oil below international prices, but the country does not agree.
The country believes that the energy strategy cannot rely solely on Saudi Arabia, which will in turn be restricted by Saudi Arabia. Why did the rice country do so many things in the middle to the east? It is not for the sake of profit.
If the country can control Iran, Iraq and other countries, even if Saudi Arabia is noisy with the country, it will be fine. There are many Saudi oils, and many other countries.
Saudi Arabia has always wanted the boss of the middle ~ East, who knows this. Their biggest bargaining chip is not the most oil reserves, the highest oil production, but they are the birthplace of Islam, they have the holy city of Mecca, so they have a high status in the Islamic countries.
Although Saudi Arabia has always said that it is a neutral country and does not participate in the war, it has not been less than a few years to buy a military. For example, countries such as Israel threatened them very much. At the beginning, Saudi Arabia wanted to buy intercontinental guides with the country to protect itself, but the country did not sell it.
When talking to the former Soviet Union, they did not agree. After all, the former Soviet Union supported Israel, so they found China.
At that time, China’s intercontinental guides and bombing Dongfeng series developed a lot of money, and China was also the time when the poor clinking.
Saudi Arabia wants to buy, Huaxia wants to sell, it is just a hit.
Then Huaxia sold it to Saudi Arabia for 35 yuan at a high price of 100 million US dollars. It is said that it was also given one. And help to complete a full set of guided ~ elastic base ~ ground construction, training related technical personnel, etc., the service is in place.
At that time, Saudi Arabia not only gave money, but also provided some of China's more advanced oil recovery and refining technologies, which is also urgently needed by China.
The total amount of this transaction exceeded the foreign exchange reserves of China at that time!
It was also after that that Saudi Arabia discovered that the country was unreliable. I started to establish diplomatic relations with China. In order to balance the country, Saudi Arabia has also established diplomatic relations with the island countries. After all, the island country is also the world's top crude oil importing country.
Although the relationship with the former Soviet Union is not good, and even the relationship with Russia is not good, but Saudi Arabia still maintains a normal foreign exchange with Russia, and now has a good relationship with the EU.
Saudi Arabia relied on oil and money to build a huge network of foreign exchanges, just as the rich second generation relied on money to get out of a circle of friends.
What does Saudi Hao become, where oil is cheaper than water. The full tank of oil does not exceed six dollars, and the same amount of water may cost more than ten dollars. Their desalination technology is also the world's number one, while seawater desalination, which accounts for one-fifth of the world.
Desalination is very expensive, it is not a problem for them, and there are still 24 hours of tap water supply for people all over the country.
At that time, Huaxia was the guide for the construction of Saudi Arabia. After a few years, it became a bustling city.
At that time, Saudi Arabia bought the Intercontinental Guide of China. Is it useful? Yes, and it has a great effect.
Not to mention that at the time there was a big country with intercontinental guidance and bomb technology, no one sold it. Huaxia was the first one, and it was poor at that time.
Then, Damu led Iraq to capture Kuwait in one day and directly to the border of Saudi Arabia. At that time, the military strength of Iraq, the no.1 of the proper ~ East, the uniform Soviet equipment, and the big wood was also a strong force.
But when Saudi Arabia announced on satellite TV that they had sent a video of the intercontinental guide, Satan was also paralyzed. People can directly use the missile to destroy Iraq. The range of the guide can be directly from Saudi Arabia to the Philippines, let alone hit your Iraqi nest.
It was also since then that Saudi Arabia’s status in the middle to the east has gotten up. I don't want to beat others, but no one should hit me. If you guys think that our guides are small, then we will spend another $3.5 billion, or even $35 billion, to buy another batch!
However, Saudi Arabia, which can only threaten and cannot do it, wants the boss of the East. In fact, many countries do not agree. But isn't there an old fight? Saudi Arabia uses money, food, medicine, and the other side to support them in some things.
This kind of local tyrant's approach is really effective. It is said that many of China’s economic assistance in small countries in Africa is a purpose with Saudi Arabia. I will give you money, and your voting rights will follow me.
In these years, opec was established, and to become the boss of opec, Saudi Arabia has always been a smooth ride. Their relationship with the big powers is good, relying on the treasure of crude oil, so that they are very heavy in the hearts of many big countries.
But this time, the country wants to move their interests. If they still don't say it, I am afraid that the country still thinks that Saudi Arabia is bullying!
Ali reported the situation with Abdullah and Wang, and Abdullah let him return to China. After returning home, they discussed these politicians together and thought of a good way.
Some time ago, countries such as Iran did not want to cut crude oil. As a result, Saudi Arabia did not agree, and the members of opec did not respond to it. Some even began to announce production cuts, and then announced that they would increase production.
Now that the price of oil is high, do they want to mine more money? Who knows when oil prices will fall?
This is also because there is no consensus among the members of opec, so there is no power. Although their output only accounts for 40% of the world, they are the largest group of net exporters!
Abdullah called other opec members to meet this time to discuss the amount of crude oil.
Feng Yu heard that Saudi Arabia’s oil and minerals had not reached a consensus with the country. It was said that when he left, his face was very unsightly, and there was no important news report about crude oil in the country. He had already determined that things should be done. The price of oil should also rise.
At this time, the price of crude oil fell again and has fallen below 90 US dollars. Even many experts say that the price of crude oil may fall back to about 80 US dollars, and may even be lower.
If there is no opec involved, then this possibility is very big, after all, a lot of money, have to speculate on gold. But as soon as the news came out, the result was self-evident.
Feng Yu called to inform Kirilenko, Fu Rongqi and others to prepare for a reduction in hedging and crude oil will rise!
They have been staring at international news. How did Feng Yu’s good news still not appear?
Just as they were waiting for impatientness, the opec organization publicly announced that starting next month, opec's crude oil will be reduced, and a large reduction in production!
As soon as this news came out, the world was shocked!
... (to be continued.)