Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Syrian sources: The Israeli occupation has begun withdrawing from the areas it infiltrated last night in the Quneitra countryside.
Al Mayadeen's correspondent: Massive bombings in eastern Gaza, the second within half an hour, and its sound was heard from central area.
Russian air defense units destroyed a drone that was heading toward Moscow.
Maduro: Tomorrow, a business meeting will be held bringing together hundreds of entrepreneurs from advanced Russian industries with hundreds of Venezuelan businesspeople.
Maduro: In the face of threats, Trinidad and Tobago agreed to suspend all effects of the energy agreement and everything that had been agreed upon in that regard.
Maduro: It’s time to make a choice, either stand with the warmongers who want death and violence, or stand with life.
Maduro: They want our wealth. This is not about drug trafficking, and they know it.
Maduro: Everyone in the world knows that what the economic elite ruling the United States seeks today is Venezuela’s oil, gas, and gold.
Maduro: The Prime Minister of Trinidad and Tobago is complicit and promoting war due to her personal, physical, mental, and moral weaknesses.
President Nicolás Maduro: A series of arrests have been carried out against what could be a group of mercenaries trained and funded by the CIA.

MBS faces dilemma over Russia, China after West push for oil

  • By Al Mayadeen Net
  • Source: Agencies
  • 17 Mar 2022 22:03
  • 3 Shares
3 Min Read

The West is amping up pressure on Saudi Arabia to try and curb the effects of their sanctions on Russia that have paralyzed the global markets.

  • x
  • Saudi Arabia Crown Prince Mohammed bin Salman
    Saudi Arabia Crown Prince Mohammed bin Salman

With the United States and the United Kingdom amping up pressures on Saudi Arabia to up its oil supplies after Washington and London banned imports of Russian oil and other energy resources, Riyadh expressed little readiness to respond to the West's demand, even going as far as threatening to use the Chinese yuan instead of the US dollar while conducting oil trade with Beijing.

British Prime Minister Boris Johnson paid a visit to Saudi Arabia and its neighbor, the UAE, and he said he hoped to succeed in persuading the two gulf states to increase oil production to ease the repercussions of economic sanctions imposed on Moscow, which have been taking a toll on global energy prices.

Saudi Crown Prince Mohammed bin Salman has been subject to criticism from the West over the killing of Saudi journalist Jamal Khashoggi, and he has been ignored by US President Joe Biden, as he refused to talk to the prince, saying his counterpart was the King, which put US-Saudi relations at an all-time low.

A US delegation also visited the two countries, headed by US security advisor Brett McGurk, pressed Riyadh to increase its oil supplies and find a solution to end the war on Yemen, according to sources, where Saudi Arabia has been waging a war on the Yemeni people for the better half of a decade.

Related News

Former US officials urge dropping charges against former FBI director

Venezuela moves to suspend energy agreements with Trinidad and Tobago

According to sources familiar with the situation, Saudi Arabia is in active negotiations with Beijing to price part of its oil supplies to China in Yuan, a move that would undermine the US dollar's domination of the global petroleum market and represent another turn by the world's top crude exporter toward Asia.

Meanwhile, a source with knowledge of the matter told Reuters, "If Saudi Arabia does that, it will change the dynamics of the forex market."

China's oil imports have increased in tandem with the country's growing economy during the previous three decades. According to data from China's General Administration of Customs, Saudi Arabia was China's top crude supplier in 2021, selling 1.76 million barrels per day, followed by Russia at 1.6 million barrels per day.

Despite the fragile Saudi-Western ties, Prime Minister Johnson described Saudi Arabia and the UAE as "key international partners" in the effort to shift the world off of Russian hydrocarbons and pressure Moscow due to Russia's special military operation in Ukraine.

Saudi is yet to show any signs of walking from the OPEC+ table, where it had signed an agreement as per which the group would only pump more oil gradually.

Read: UAE supports US effort to increase OPEC+ oil production: Blinken
 

The organization itself had convened less than a week after Russia's operation in Ukraine kicked off, but, despite the West rushing to impose sanctions on the country, OPEC+ did not discuss the crisis and stressed that they would adhere to its existing policy.

  • United States
  • Nato
  • Russia
  • West
  • UAE
  • China
  • OPEC+
  • Ukraine
  • Saudi Arabia
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Delta Air Lines flight lands at Harry Reid International Airport, Wednesday, April 9, 2025, in Las Vegas (AP)
Politics

Nearly 3,800 US flights disrupted amid ongoing government shutdown

FILE - The Amazon logo is pictured at the Amazon Robotic Sorting Fulfillment Center in Madison County, Miss., Aug. 11, 2022. (AP Photo/Rogelio V. Solis, File)
Economy

Amazon to cut 30,000 jobs in largest layoff in company history

Eurofighter Typhoon Spain's Air Force fighter jets fly above the military parade marking 'Día de la Hispanidad', or Hispanic Day, in Madrid, Spain, Sunday, Oct. 12, 2025. (AP)
Politics

UK sells 20 Eurofighter jets to Türkiye in £8bn defense agreement

Smoke billows after drone strikes by the paramilitary Rapid Support Forces (RSF) targeted the northern port in the Red Sea city of Port Sudan, Sudan, May 6, 2025 (AP)
Politics

RSF tightens El Fasher siege as Sudan risks fragmentation: Reuters

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS