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America is shedding Saudi oil
10:40 - 24/02/2018
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Information / Baghdad ..
The increase in oil production means that the United States will not rely more on Saudi oil, the Daily Telegraph newspaper reported on Saturday.
"The recent agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to reduce the daily production volume, which means the increase in the price of a barrel, leads to a final confrontation with producers," the newspaper said in a report published by the BBC. Oil shale".
"This is good news for the world's biggest oil consumer and the biggest economy, but it's bad news for big oil exporters in the Middle East, like Saudi Arabia," she said.
According to the Daily Telegraph, "Saudi Arabia relies on the US military to provide security for the production and export of its oil, where the US Fifth Fleet is stationed in the waters of the Gulf to protect navigation in the Strait of Hormuz, through which the Saudi oil supplies, and it is unlikely soon to leave this fleet suddenly But now the feasibility of his survival has begun to decrease. "
"The United States is not feeling as much pressure as before to secure the passage of Saudi oil from the Gulf with the aim of getting it to US markets at the lowest possible cost to drive production and that Washington has begun its passion for oil resources in the politically turbulent region, Rock to 10 million barrels per day. " Ending / 25
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