Dr. Abdulaziz Al-Zar Allah
The political and media positions adopted by the Saudis in their decisions in the oil market or energy operations in general arise from deep and historical convictions and policies that are well established in Saudi oil policies that follow international deals in energy issues. Has been for more than half a century. This point of view was recently confirmed by the Minister of Oil, His Highness Prince Abdulaziz bin Salman. In his media dialogues, until his interlocutors are convinced of the Kingdom̵7;s steadfastness, on Sunday, June 4, 2023, the Saudi Energy Minister’s claims are evident in his answers to questions at media conferences and side meetings, even What was brighter, and his emphasis on the clear position of the state, that is: maintaining the stability of oil prices and the market, and considering energy in general, gas, oil, etc. It is a strategic commodity that should be kept away from market bidding and speculation, and oil does not go through major swings that end in chaos and decline.
Today the world is living in the greatest real crisis as it drags (the universe) into a world war and a nuclear war that can destroy the earth in a moment of madness and stubbornness, a war in which no one will emerge victorious, But everyone will lose, with no winners or no winners. The European-Russian war (with the support of NATO in Ukraine) and the upcoming confrontation between the US and China is a devastating war, be it nuclear or conventional. Therefore, the Kingdom’s voice through the statements of Prince Abdulaziz bin Salman, Minister of Energy: A logic and firmness on decisions and remediation policies that deactivate the fuse and keep the train on the real track, as well as maintain continuity and oil The consistency of the flow, and the message was delivered without explanation or interpretation. The American and European Western media are trying to (militarize) oil and make it a party to the Russian and Ukrainian conflict and implore the oil-producing countries to enter the war as direct parties, while the Kingdom Adheres to neutrality as an independent strategist. State and object.
Saudi’s additional voluntary cuts were intended to support the stability and stability of oil markets and the precautionary efforts undertaken by OPEC+ countries in favor of balancing the markets.
Therefore, the main oil producers in the (OPEC+) alliance unanimously agreed to cut and extend the voluntary production cut plan by extending the voluntary production cut plan to expire in December 2024, which is a precautionary measure.
The Kingdom, in the face of its historical responsibilities, tended to voluntarily protect the OPEC group in light of these changes, which is undergoing an alarming trend in the development of the Ukrainian war and the threat of entering a nuclear war. It has become imminent. This is not a threat, but a confrontation that both politicians and the military are aware of.
Paradoxically, before the European war of 2022, there was talk of distribution of oil in the West and a focus on alternatives, gas and electricity. But with the war, oil came to the fore once again, as if the world had quickly returned to the seventies after the Arab-Israeli War of October 1973, when oil prices soared and countries entered, oil first The economic cycle is in, and today, in the twenties of this century, we are living in the climate of AD 73. Tension and heated discussion, as if oil had just been discovered.