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Economic Shift Guides Gulf States on Oil – China Daily

Saudi Arabia, UAE and Qatar—key members of the Organization of the Petroleum Exporting Countries—have remained hesitant to increase oil and gas exports


China oil storage facilities
China oil storage facilities. File photo: Reuters.

 

Western pressure on Gulf nations to pump more oil amid the Russia-Ukraine conflict could derail the region’s economic diversification plans and its climate commitments, China Daily reported, citing experts.

Saudi Arabia, the United Arab Emirates and Qatar—key members of the Organization of the Petroleum Exporting Countries—have remained hesitant to increase oil and gas exports amid pressure from the United States, European Union countries and Japan. The other Gulf Arab nations comprise Oman, Kuwait and Bahrain.

 

Read the full report: China Daily
 


 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.