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This week, S&P Global Commodity Insights editors zoom in on the market's reaction after Saudi Arabia announced over the weekend its plans to cut crude oil output by 1 million b/d in July. Eyes are also on Japan's power demand and Russia's pipeline gas imports into Europe. 1
US efforts to rein in Iran's nuclear program have moved out of the spotlight, but the administration of President Joe Biden continues to pursue a diplomatic solution in hopes of staving off geopolitical unrest and military conflict that would roil global oil markets and worsen the ongoing energy crisis
Saif Humaid al Falasi joined the Emirates National Oil Co. Group as general manager in 2008 after 25 years with the Abu Dhabi National Oil Co. He became ENOC Group CEO in March 2015. He also serves as a member of several entities developing the UAE's energy policies, including the Dubai Supreme Council of Energy, the Fuel Price Committee in Abu Dhabi and the Dubai Future Council of Energy