Saudi Arabia had publicly expressed its dissatisfaction with the Biden Administration's lack of assistance for Saudi defense against the Iran-backed Houthis in Yemen before. Now, the US Senate has passed the NOPEC Antritrust bill, paving way for Biden to sue OPEC.
Xi Jinping calls for oil trade in Yuan. The Chinese leader declared that his visit marked the beginning of a new era in relations.
The Syrian Oil Ministry released a statement on 9 August accusing US forces occupying Syria of being responsible for the theft of most of the country’s oil.
The dynamic between the US and Saudi Arabia seems to be dramatically changing. The petrodollar is showing cracks in what seemed to be an impregnable fortress as Saudi Arabia is now considering accepting the Yuan for Chinese oil sales instead of the dollar.
The CIA forewarned Germany of prospective assaults on gas pipelines in the Baltic Sea weeks before Nord Stream 1 and 2 were struck. Furthermore, a former Pentagon advisor has said that the US likely attacked Nord Stream pipelines in order to isolate Germany.
Media outlets announced in March that a Turkey-Israel gas pipeline was being planned behind closed doors as one of Europe's alternatives to Russian energy. Europe essentially wants to replace Russia with Israel for natural gas needs.
The History of Oil One of the most important relationships was influenced the most by these 10 influential figures.
The import of energy goods from Russia, such as crude oil, refined fuels, distillates, coal, and gas, into the United States is prohibited. Now, the US is worried over routing of Russian oil through India.
Russian President Vladimir Putin declared at a conference with the administration on Wednesday that Russia would only accept ruble payments for gas shipments to "unfriendly countries." This could indicate the resurgence of the Russian economy and the rise of the PetroRuble.
The War of Economic Corridors has entered incandescent, uncharted territory: Pipeline Terror.
