Pepe Escobar on OPEC+, Iran and the PetroYuan, worth reading
Tom KirkmanIndependent Project Manager
While I don’t agree with some of Pepe Escobar’s views, I *do* enjoy reading his articles on global issues. Good food for thought.
Without further comment, I would recommend reading his latest piece on global oil & gas / OPEC+ and its intertwined geopolitics – there is a potpourri of items covered by Pepe here, including the rise of the PetroYuan:
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Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are dark clouds