hemanthaa@mail.com + 64 July 25, 2021 It’s no secret that the politics in the Middle East directly determine the price of crude oil. More often than not, it is predicable: the collective stance against Israel, the desire to maintain the oil price at its peak for as long as practicable and recognizing Shite Iran as a threat against the Sunni dominance in the region, to name but a few. Against such backdrop, a new unprecedented uncertainty has emerged in the Middle East involving two key players of the OPEC+, the UAE and Saudi Arabia, with its unpredictability evolving by the day in proportion to the anticipated economic impact on both, by the sentiments of the net-zero aspirations and renewable energy boom. More on that is here: Quote Share this post Link to post Share on other sites
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