Oil and other things

Oil and other things

 

07/04/2017 0:00

Mohammed Sharif Abu Mayssam
leaks that have talked about American pressure exerted on Saudi Arabia to ask the company "Aramco" privatization is not far relevant and apparently what regards the unexpected drop in Saudi oil exports in last May and June to below seven million barrels per day.
's desire of Saudi Arabia to cut production in order to recovery and stability of the markets at a price acceptable rates according to what is said is not convincing, over its previous position on dumping intended for oil markets under the pretext of taking out of shale oil from the competition circle, about its position from its partners in the "OPEC" claimants export of their rights dominated by over three decades ago, and then its position and its adherence to the rates of production is not up to the limits of its obligations under the "OPEC" agreement , which granted the right to produce 10.058 million barrels a day until March. But surprise, that the production of the kingdom fell to below that level significantly over the past two months, falling exports in the first two weeks of June to the current rate of 6.98 million barrels per day.
On the other hand, there is a statement by the Saudi energy minister Khaled al - Faleh which pointed out that the reduction focus will be on the basis of Saudi exports to the United States, as if it is going according to a Saudi decision! But the reality indicates that the oil companies refrained from buying many of the Saudi oil shipments during last May , claiming the high oil inventory levels, but striking is the failure of Asian companies buying some shipments Saudi Arabia and in the forefront of Indian companies despite the decline in the flow of oil Venezuelan rates for those markets , while the increased turnout of Iraqi oil , which exceeded the top of the Saudi oil to India in April and the last May.
According to preliminary evidence to the dictates of numerous oil and conditions related to levels of political rapprochement between Riyadh and Washington from the side between Doha and Washington on the other hand, as it has become a competition for the most intense in the win over the Washington, and since the reports had talked about the desire of the organization that stands behind US President Trump in the privatization "Aramco" Saudi Arabia, the most likely possibilities are only two first is to be Saudi Arabia has resisted this pressure for fear of getting out of the throne of the lead among her sisters, resorted to make gains was the purchase of weapons and to increase investment rates in the United States with many personal gifts American president deals, and female They resorted companies that govern the world, which runs the institution that stands behind the US president to new compression methods, and the second to be agreed on the privatization of "Aramco" according to the time stages justified by media campaigns , which may have started reducing the rate of exports. Based on the foregoing, the outbreak of a political conflict between the two oil facilities and the survival of prices unchanged, and then lower prices , despite the escalation of defusing the conflict, as well as the movement of global markets and forcing large oil countries on privatization control, reveals the fact that, that there is no role for any oil country after today to influence world oil markets, and it will be the preserve of the companies that govern the world, and not in the hands "OPEC" countries and others to be privatized oil sector , and otherwise it will come into trouble, and this is why we have to demand more than an article , " the legislation of the law to establish a national oil company to be Iraqis for all the shares are not sold only Lla Akian only, and the law of another "generations" guarantees the rights of future generations of oil wealth.

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