Saudi Arabia's Minister of Mines, Ali, left angrily. The negotiations with the US had failed again.
The US is determined to get their hands on this shale oil, and this is in line with the interests of the US and those American conglomerates. But this is definitely not in line with Saudi Arabia's interests.
Although Ali had already expressed on behalf of Saudi Arabia that it would continue to deepen its cooperation with the United States in the field of oil, and could even supply the United States with crude oil at a price lower than the international price, the United States refused.
The US believed that they could not rely solely on Saudi Arabia for their energy strategy. This would make them be restricted by Saudi Arabia instead. Why did the US do so much in the Middle East? Wasn't it for benefits?
If the US could control Iran, Iraq, and other countries, it would be fine even if Saudi Arabia fell out with the US. Saudi Arabia had a lot of oil, but so did the other countries.
Everyone knew that Saudi Arabia had always wanted to be the leader of the Middle East. Their biggest bargaining chip is not the most oil storage or the highest oil production, but the fact that they are the birthplace of Islam. They have the holy city of Mecca, so they have a high status in Islamic countries.
Although Saudi Arabia had always said that it was a neutral country and did not participate in wars, it had bought a lot of firearms over the years. For example, Israel and other countries were a huge threat to them. In the past, Saudi Arabia wanted to buy intercontinental missiles from the United States to protect themselves, but the United States refused.
Negotiations with the former Soviet Union also failed. After all, the former Soviet Union supported Israel. Therefore, they found Hua Xia.
At that time, Hua Xia had spent a lot of money on the development of the Dongfeng series of intercontinental missiles. Hua Xia was also very poor.
Saudi Arabia wanted to buy, and Hua Xia wanted to sell. It was a perfect match.
Then, Hua Xia sold 35 of them to Saudi Arabia at a high price of 100 million USD each. It was said that she even gave one to Saudi Arabia as a gift. He had also helped complete the construction of the missile base and trained the relevant technical personnel. His service was very good.
At that time, Saudi Arabia not only gave Hua Xia money, but also provided some advanced oil extraction and refining technology, which Hua Xia urgently needed.
The total value of this transaction exceeded Hua Xia's foreign exchange reserves at that time!
It was also after that that Saudi Arabia realized that the United States was unreliable. He began to establish friendly relations with Hua Xia frequently. In order to keep the US in check, Saudi Arabia also established diplomatic relations with Japan. After all, Japan was also one of the world's top importers of crude oil.
Although Saudi Arabia did not have a good relationship with the former Soviet Union and Russia, Saudi Arabia still maintained normal diplomatic relations with Russia and had a good relationship with the European Union.
Saudi Arabia relied on oil and money to build a huge diplomatic network, just like a rich second generation relying on money to build a circle of friends.
Saudi Arabia is so extravagant. Oil is cheaper than water there. A full tank of gas costs no more than six dollars, and the same amount of water can cost more than ten dollars. Their seawater desalination technology is also the best in the world. At the same time, their seawater desalination capacity accounts for one-fifth of the world's.
Seawater desalination was very expensive, but it was not a problem for them. There was still a 24-hour tap water supply for the entire country.
The missile base that Hua Xia had built for Saudi Arabia had turned into a bustling city in just a few years.
Back then, Saudi Arabia bought Hua Xia's ICBM. Was it useful? Yes, and it was very useful.
Putting aside the fact that none of the major countries that possessed intercontinental ballistic missile technology at that time sold it, Hua Xia was the first to do so. They were poor at that time.
After that, Sa Adamu led Iraq to attack Kuwait within a day and reached Saudi Arabia's border. At that time, Iraq's military was the strongest in the Middle East. All of their equipment was from the Soviet Union, and Sa Adamu was one of them.
But at that time, Saudi Arabia used satellite TV to broadcast the video of them deploying their ICBM, and Sa Adamu was terrified. Saudi Arabia can use their missiles to destroy Iraq. The range of those missiles can reach from Saudi Arabia to the Philippines, let alone Iraq's base.
From then on, Saudi Arabia's status in the Middle East rose. I will not attack others, but no one can attack me. If anyone thinks our missiles are too few, we will spend another 3.5 billion USD or even 35 billion USD to buy another batch of missiles!
But Saudi Arabia can only threaten and cannot do anything. If they want to be the leader of the Middle East, many countries will not agree. But the Middle East was always at war. So, Saudi Arabia used money to provide food, medicine, and other countries to support them.
This tycoon's method is very effective. There were rumors that Hua Xia's financial aid to those small countries in Africa was for the same reason as Saudi Arabia. I will give you money and your voting rights, and you must follow me.
All these years, from the establishment of OPEC to becoming the leader of OPEC, Saudi Arabia had been doing well. They had maintained good relations with the major countries, and because of their crude oil, Saudi Arabia is very important to many major countries.
But this time, the US is going to attack them. If they do not do anything, the US might think that Saudi Arabia is easy to bully!
Ali reported to King Abdullah, and King Abdullah allowed him to return to China. After returning to China, all the politicians discussed and came up with a good idea.
Some time ago, Iran and other countries wanted to reduce their crude oil production. But Saudi Arabia did not agree, and not many OPEC members responded. Some countries even announced to reduce their crude oil production, but later announced to increase their crude oil production.
Now, oil prices are high, and they want to extract more crude oil to sell. Who knows when the oil prices will drop?
This is also because OPEC's members did not reach an agreement, and they are not united. Although OPEC's production is only 40% of the world's crude oil, they are the largest net oil exporting group!
King Abdullah called the rest of the OPEC members for a meeting to discuss their crude oil production.
Feng Yu heard that Saudi Arabia's Minister of Petroleum and Minerals did not reach an agreement with the US, and he was furious when he left. Also, the US did not report any news about crude oil, and Feng Yu is sure that the deal is done, and oil prices will rise.
At this time, the price of crude oil fell again, and it had fallen below 90 USD. Many experts even said that the price of crude oil might fall back to 80 USD or even lower.
If OPEC is not involved, this is very likely. After all, many funds are invested in gold. But when this news is released, the outcome is obvious.
Feng Yu called Kirilenko, Fu Rongqi, and the rest to get ready and reduce their hedging. Crude oil is going to rise!
All of them had been watching the international news. How come Feng Yu's good news is not out yet?
Just as they were getting impatient, OPEC announced that from next month onwards, OPEC will reduce their crude oil production by a large amount!
This news shocked the entire world!
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