• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 days The United States produced more crude oil than any nation, at any time.
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days How Far Have We Really Gotten With Alternative Energy
  • 9 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 9 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 11 days e-truck insanity
  • 11 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Iraq Has No Intention of Restarting Kurdish Oil Pipeline

Iraq Has No Intention of Restarting Kurdish Oil Pipeline

Baghdad is repairing the Kirkuk-Ceyhan…

The EU Allows Members to Ban Russian LNG as Imports Climb

The EU Allows Members to Ban Russian LNG as Imports Climb

The European Parliament approved rules…

Editorial Dept

Editorial Dept

More Info

Premium Content

What's Next For OPEC?


A rapprochement between Israel and the UAE came earlier this year in a blockbuster deal that made Trump look pretty good, even if it was heralded by Israel’s new-found hydrocarbon power, which is subtly reordering alliances across the Middle East. If you need more proof of that, look to quiet talks now ongoing between Israel and the UAE for oil and gas sector cooperation. 

Israel is now a gas exporter, and the UAE is throwing its weight around a bit as OPEC’s third-largest oil producer (even if that weight-throwing led to dramatic talk of OPEC disunity leading to its disintegration). Part of that cooperation will deal with an oil pipeline between the Red Sea and the Mediterranean, adding further fuel to the fires of a brewing Mediterranean oil war against an increasingly isolated Turkey and its on-again, off-again allies. 

At the same time that Israel is throwing its natural gas weight around, UAE’s state-run ADNOC is working hard towards expansion, most recently awarding oil exploration rights to OXY to expand output. 

To most, it signals more disunity to come within the moving walls of OPEC, or rather, OPEC+. 

The problem is that the three countries really carrying the burden of making production cuts in the name of stabilizing the market (Saudi Arabia, the UAE, and Russia), aren’t really getting much out of their high-level status. But at the same time, it’s hardly the latest round of cuts or the…

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News