The Arab countries have stated they came to the agreements of normalization to move Palestine to a two state solution. It is good to hear those words again, but, where is the roadmap for Palestine. We have been here before with a future full of promises, but, no material movement.
PALESTINE IS NOT AT THE TABLE.
September 9, 2020
But a statement released by the Saudi Foreign Ministry on remarks made by Foreign Minister Prince Faisal bin Farhan al Saud included no direct mention of a normalisation deal between Israel and the United Arab Emirates.
The prince said Riyadh supported the establishment of a Palestinian state based on the borders before the 1967 Middle East war, with East Jerusalem as its capital, according to the statement.
On the other hand, Saudi Arabia opened up its airspace to Israel-UAE flights after the normalisation deal but has said it will not follow the United Arab Emirates until the Jewish state has signed an internationally recognised peace accord with Palestine....
Where is the extra UAE oil going?
By Tsvetena Paraskova
The United Arab Emirates (UAE), (click here) currently OPEC’s third-largest producer, breached its OPEC+ oil production quota by a massive 520,000 barrels per day (bpd) in August, data from the International Energy Agency (IEA) showed on Tuesday, suggesting that one of Saudi Arabia’s allies in ‘leading by example’ in the deal could be the cartel’s new compliance headache.
According to IEA’s Oil Market Report, cited by Bloomberg, the UAE pumped 3.11 million bpd in August, up by 240,000 bpd from July and 520,000 bpd above its ceiling of 2.59 million bpd as per the OPEC+ deal.
Using tanker-tracking data, the IEA estimated that OPEC’s third-largest producer exported as much as 2.7 million bpd in August, stockpiled oil at a rate of 115,000 bpd, processed 370,000 bpd at refineries, and blended 100,000 bpd of condensate in its crude streams, Bloomberg reports.
Earlier this month, the UAE’s Energy Minister Suhail Al Mazrouei himself admitted that the UAE’s production increased to the above-quota 2.693 million bpd in August, but that “measures have been taken to compensate for this temporary increase due to peak summer electricity demand in the UAE, which required an increase in oil production and associated gas.”...
August 20, 2020
...Ahead of a virtual meeting of OPEC and non-OPEC producers, (click here) Russian Energy Minister Alexander Novak had welcomed data showing producers had by July implemented 95 per cent of the cuts agreed.
Following the meeting, the oil cartel said in a statement that figure was as high as 97 per cent if Mexico was included, welcoming "significant performance in overall conformity".
Nevertheless, "100 per cent conformity from all participating countries... and compensating for the shortfalls in May, June and July 2020 is not only fair, but vital for the ongoing rebalancing efforts and to help deliver long-term oil market stabilty," it added.
The coronavirus pandemic slammed the global economy earlier this year, plunging oil prices into unprecedented negative territory before top exporters Saudi Arabia and Russia agreed to put aside their differences and make common cause to halt the slide...
