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United Arab Emirates respond: favor oil production increase; crude oil prices decrease
By Curt_Anderson
March 9, 2022 11:56 am
Category: Politics

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UAE favors oil production increase - ambassador to U.S.
March 9 (Reuters) - The United Arab Emirates (UAE) favors an oil production increase and will be encouraging OPEC to consider higher output, the UAE's ambassador to Washington said on Wednesday.

"We favor production increases and will be encouraging OPEC to consider higher production levels," Ambassador Yousuf Al Otaiba said in a statement tweeted by the UAE Embassy in Washington.



U.S. oil prices take sudden leg downward, now off 10%, following a March rally to 13-year highs
Oil prices dropped in a sudden move on Wednesday, giving back some of the rally this month amid supply disruptions stemming from Russia’s invasion of Ukraine.

WTI crude oil tumbled more than 13% to trade at $108 per barrel, on track for its worst day since April 2020. Earlier this week, WTI topped $130 per barrel briefly — a 13-year high — during escalated geopolitical tensions.

Brent crude oil, the international benchmark, fell a similar 12% to $112, headed for its biggest one-day drop since November. Brent hit $139 on Monday, its highest since 2008.

The move in oil lower came amid indications of possible


I don't know if the UAE picked up the phone or if there was even a call made. The Emirates did what we wanted them to do regardless.






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Comments on "United Arab Emirates respond: favor oil production increase; crude oil prices decrease":

  1. by HatetheSwamp on March 10, 2022 9:31 am

    I'm thankful for the possibility of increased oil production.

    But, Curt, you're missing the real point.

    I skimmed your two links besides my SS post. I didn't see that the Emirates or Saudis took a call from our very own "feckless dementia-ridden piece of crap."

    The Flatulent Fool insists on renuking Iran despite the threat a nuked Iran will to our friends in the Middle East.

    Were I isle, I'd say that you don't UNDERSTAND. But, I'm afraid you do...and that you're being disingenuous.


  2. by Donna on March 10, 2022 9:47 am
    You have it exactly backwards, Hate. After Trump scrapped the nuclear agreement, Iran pushed the pedal to the metal enriching uranium to the degree that Iran almost has enough entiched uranium to build a thermonuckear bomb now. The agreement he scrapped was the only thing that kept Iran's uranium enrichment in check.


  3. by HatetheSwamp on March 10, 2022 10:01 am

    Donna,

    The reason that the Saudis, in particular, refuse even to take a phone call from "that feckless dementia-ridden piece of crap" is that they are opposed to the way Biden is reaching out to the Saudi's archenemy, Iran, the world's primary exporter of jihadist terrorism.

    You don't fart in a friend's face, ask the Duchess of Cornwall, and then smile and ask for a favor.

    Joe makes Trump appear to be the Churchill of 21st century diplomacy.

    And, the Flatulent Fool has nearly three more years to destroy relationships with our allies.


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