Tag: Falling oil prices

US Goals behind Decision to Withdraw Arms, Troops from Saudi Arabia

Strategic Council Online: A university professor on geopolitical issues says the United States is withdrawing its Patriot missiles and troops from Saudi Arabia to earn more money from Riyadh. “Economic pressures have prompted Americans to try to test the Saudis to see how much they can help provide funding,” he said. However, the decision does not appear to be final, and it remains to be seen what the Saudis could do to keep Trump satisfied.”

Consequences of Elimination of USD from China Commodity Exchange

Strategic Council Online: The removal of the US dollar from trading on the China Commodity Exchange, given its significant contribution to the financing of European, Latin American and even African goods, means that global demand for the USD will decline. A drop in global demand for the USD would weaken the value of the currency and further destabilize its position as the dominant international currency.
Reza Majidzadeh – Developmental Political Economy Researcher

Falling Oil Prices & Decline of Militarism in the MENA

Strategic Council Online: An expert on political economy said that until now the treasury of the Persian Gulf Arab states was the unofficial treasury of the Americans, adding that this type of funding will practically be cut with the falling oil prices because the Arab states themselves are faced with budget deficits and cannot afford supporting US terrorist schemes in the region.

Oil Price Outlook

Strategic Council Online: Given the agreement reached to reduce oil supply by the OPEC Plus States and the possibility of reducing the impact of the corona crisis on demand, oil prices are expected to rise in the next two to three months.
Mohammad Sadegh Jokar – Energy Expert

Russian-Saudi Oil Deal; Dimensions & Implications

Strategic Council Online: The Saudi-Russian agreement on oil output cut has revived the role of the United States, which was being forgotten as a result of falling oil prices and the lack of economic efficiency in shale oil extraction, and the United States is effectively playing an influential role in the global oil market.
Sabah Zanganeh – Expert on International Affairs