بسم الله الرحمن الرحيم Answer to QuestionThe Truth of the Petrodollar Agreement(Translated) Question: Al-Hurra website published, 18/6/2024: (Recently, news sites have widely circulated reports talking about a Saudi-American Agreement in 1974, under which Saudi Arabia would use the dollar in all its oil sales. According to those reports, this agreement and its duration of 50 … Continue reading The Truth of the Petrodollar Agreement
Tag: Saudi
The World Oil Markets
بسم الله الرحمن الرحيم Answer to Question The World Oil MarketsTo: Abdul Al-Aziz Almanis(Translated) Question Assalamu Alaikum Wa Rahmatullah Wa Barakatuh our precious Ameer; May Allah grant you a great powerful victory and establish the Khilafah by your hands. My question concerning the first reason (the world oil markets) leading to tension between America and … Continue reading The World Oil Markets
The OPEC+ Charter
بسم الله الرحمن الرحيم Answer to QuestionThe OPEC+ Charter(Translated) Question: The Riyadh website published on July 9, 2019 that Saudi Arabia had played an influential role (in the agreement signed by the Organization of Petroleum Exporting Countries (OPEC), along with other non-OPEC producers last Tuesday, and was named the "Vienna Alliance.". Does this mean that … Continue reading The OPEC+ Charter
Trump’s Insistence on OPEC, Especially on Saudi Arabia, to Increase Production and Reduce Oil Prices
بسم الله الرحمن الرحيم Answer to QuestionTrump’s Insistence on OPEC, Especially on Saudi Arabia, to Increase Production and Reduce Oil Prices(Translated) Question: On the 2nd of October, 2018, during the mid-term election rally in the constituency of Mississippi, Trump has threatened Saudi Arabia and showed his supporters that he was dealing with high oil prices: "…And how … Continue reading Trump’s Insistence on OPEC, Especially on Saudi Arabia, to Increase Production and Reduce Oil Prices
Rising Oil Prices Benefits Everyone except Iran
بسم الله الرحمن الرحيم Russia is covered by a wave of euphoria in connection with the rise in oil prices. On May 15, it reached $ 79.5 per barrel, for the first time since 2014. The Kremlin is thought to be inspired. A more detailed examination of the basics of what is happening is necessary. … Continue reading Rising Oil Prices Benefits Everyone except Iran
Oil prices, Erdogan’s visit to Britain, Malaysia’s Elections, Armenia
بسم الله الرحمن الرحيم Answers to Political QuestionsOil prices, Erdogan's visit to Britain, Malaysia’s Elections, Armenia(Translated) First: The Question: Oil prices rose on 24/5/2018 to striking numbers, where the price of Brent crude reached $79 a barrel, and Texas crude at $71 a barrel. This is after the drop witnessed in 2014. Does this mean … Continue reading Oil prices, Erdogan’s visit to Britain, Malaysia’s Elections, Armenia
Causes for the Sudden Decrease in Oil Prices
بسم الله الرحمن الرحيم Answer to Question Causes for the Sudden Decrease in Oil Prices (Translated) Question: Media outlets have published this Wednesday, 07/01/2015 CE that Brent Crude Oil prices hit $49.66 per barrel, as too did the American crude oil, falling to around $47 per barrel, given that oil prices in 2014 have reached … Continue reading Causes for the Sudden Decrease in Oil Prices