Even CNN notes Saudi Arabia drifting toward China
Tom KirkmanIndependent Project Manager
When even CNN highlights Saudi Arabia moving away from the U.S. and improving relations with China, you know that the global oil trade is in the midst of an unmistakable seismic shift.
Primarily created by U.S. led sanctions against Russian oil, with EU as willing poodle to pushing said oil sanctions.
Don’t forget, Saudi Arabia and Russia co-chair the OPEC+ Joint Ministerial Monitoring Committee. The West conveniently ignores this fact:
– – – – – – –
“Saudi Arabia has become a co-chairman of the Joint Ministerial Monitoring Committee (JMMC) overseeing the implementation of the OPEC+ oil production cut deal, the Organization of Petroleum Exporting Nations (OPEC) said in a statement on Thursday.
OPEC and non-OPEC participants of the Vienna ministerial meeting said in a joint Declaration of Cooperation they agreed “to support the extension of the mandate of the Joint Ministerial Monitoring Committee (JMMC) composed of Algeria, Kuwait, Venezuela, Saudi Arabia and two participating non-OPEC countries of the Russian Federation and Oman,
● chaired by Saudi Arabia, co-chaired by the Russian Federation, and assisted by the Joint Technical Committee at the OPEC Secretariat,
to closely review the status of and conformity with the Declaration of Cooperation and report to the OPEC – non OPEC Conference. …”
– – – – – – –
So I’m still waiting for updates on Saudi Arabia’s stated interest in joining BRICS.
● Saudi Arabia working together with Russia and China on large international oil deals is likely going to upset the Western “Pinky and The Brains” plans for controlling global oil trade as per the Biden administration’s whims.
An increasing number of countries around the world are starting to push back against the U.S. / EU / UK / AU sanctions against energy, because it is seriously increasing energy prices *globally* even for those countries who never agreed to energy sanctions.
================
“Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in nearly seven years, during which he is expected to sign billions of dollars of deals with the world’s largest oil exporter and meet leaders from across the Middle East.
The visit is a sign that China and the Gulf region are deepening their economic relations at a time when US-Saudi ties have crumbled over OPEC’s decision to slash crude oil supply.
As Xi wrote in an article published in Saudi media, the trip was intended to strengthen China’s relations with the Arab world.
China is Saudi Arabia’s biggest trading partner and a source of growing investment.
● It’s also the world’s biggest buyer of oil.
● Saudi Arabia is China’s largest trading partner in the Middle East and the top global supplier of crude oil.
“Energy cooperation will be at the center of all discussions between the Saudi-Chinese leadership …”