Monday, May 20, 2024


OPEC secretary-general Mohammad Barkindo unexpectedly died at the age of 63. The 2016 pact, which united the group with Russia and created OPEC+, was drafted by the native of Nigeria.
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.