How a Fracturing Saudi-US Oil Pact Benefits Putin

The video discusses the expected trend of oil prices remaining above $80 per barrel due to economic needs of OPEC+, geopolitical shifts, and reduced competition from shale. It highlights the fracturing relationship between the US and Saudi Arabia, which has historically stabilized the oil market. Recent geopolitical events, such as Saudi Arabia's alignment with China and Iran, indicate a shift in alliances that could impact future oil prices.

What is one of the main economic reasons for OPEC+ members needing oil prices above $80 per barrel?

• To increase shale oil production

• To reduce global oil consumption

• To meet their funding needs

• To compete with renewable energy sources

Which geopolitical factor is contributing to the forecast of higher oil prices?

• Strengthening of the US-Saudi alliance

• Increased competition from shale oil

• Fracturing of the US-Saudi oil security pact

• Stability in the Middle East

What recent event indicates a shift in Saudi Arabia's geopolitical alliances?

• Saudi Arabia joining the European Union

• Saudi Arabia forming an alliance with India

• Saudi Arabia increasing oil production for the US

• Saudi Arabia signing a deal with China

How did Saudi Arabia respond to President Joe Biden's visit in terms of oil production?

• Increased oil production

• Signed a new oil deal with the US

• Maintained the same level of production

• Implemented two production cuts

Which organization did Saudi Arabia recently join, indicating a shift in alliances?

• NATO

• Shanghai Cooperation Organization

• OPEC

• ASEAN