Wataniya Group
Wataniya Group
Wataniya bitumen poly bag
In this article, we tend to analyze the oil market and the effects on the Wataniya bitumen poly bag and the market.
After a year of instability and confusion in US oil diplomacy, the situation seems to be returning to
normal, and the United States is once again demanding cheap oil. To be more specific,
the Financial Times quoted US Energy Secretary Drake Brewer
as saying that the Biden administration’s meeting with Saudi Energy
Minister Prince Abdulaziz bin Salman ahead of the OPEC meeting and
its allies was a sign of the return of diplomacy to control crude oil prices.
Wataniya bitumen poly bag and the USA decisions
In the past, under pressure from Trump, they reached an agreement to
increase its price. Of course, they have also criticized the Biden government
as the call for cheaper energy to the world’s largest oil exporter coincided
with the unveiling of Biden’s $2 trillion plan to green the economy and
use electric vehicles. Generally speaking, Brower says cheaper gasoline can
in no way be an incentive to use electric vehicles in the United States,
and that this is a sign of a contradiction in Biden’s energy policies. On the other hand, there is a different view that sees Granholm’s dialogue with Bonselman
as a signal from the United States to the crude oil market players that the
country is retreating from the aggressive policy of the energy sector under Trump.
US: Stop oil prices
According to the Financial Times, US Secretary of Energy Jennifer
Granholm tweeted last week: “I had a constructive phone call today with
Saudi Energy Minister Abdul Aziz bin Salman Al Saud. “In this dialogue,
we reaffirmed the importance of international co-operation to ensure reliable
and cost-effective energy sources.” In fact, the tweet came just hours before
the OPEC Plus oil producers’ meeting, and Prince Abdulaziz said the two
ministers had not specifically spoken about crude oil. However, Drake Brewer,
secretary of the US Department of Energy for the Financial Times, says it is
clear to anyone who has watched Saudi Arabia and the United States for
decades what Granholm tweeted about his conversation with the
Saudi energy minister; “Stop the price of crude oil.”
Wataniya bitumen poly bag and the oil prices
It’s also important to know that this is a sudden leap from the policies of
the Donald Trump era. Twelve months ago, American producers begged
Trump to help prevent oil prices from falling, and he put a lot of pressure
on Russia, and especially Saudi Arabia, to reduce supply and support the market. Now the Biden administration is openly regretting the 60 percent increase
in crude oil prices since November, citing a drop in production that Trump
helped organize, and they believe oil prices have now gone too far. Nevertheless, no matter how much Joe Biden talks about the transition from the oil
industry and decarbonization to the US economy, oil prices are still
crucial to a global superpower with geopolitical responsibilities.
