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#OPEC+ ratifies plan to pump an extra 648k bpd of crude #oil in Aug. Markets barely blink, despite thinking the group can only add roughly 50-60% of that. For today, traders are more concerned about weakening demand. bloomberg.com/news/articles/… Fiona MacDonald Salma Elwardany

Incremental normalization in action bloomberg.com/news/articles/… via Bloomberg Politics Daniel Avis

On election day in Kuwait, by Fiona MacDonald bloomberg.com/news/articles/…

#Kuwait’s new National Assembly will be dominated by opposition and conservative lawmakers and include two women, after an election the country’s rulers hope will help end years of political wrangling with unelected ministers. bloomberg.com/news/articles/… Bloomberg Politics Fiona MacDonald

“This bullying is not right.” How countries beyond the oil-producing #Gulf are questioning the #US ahead of the Group of 20 summit bloomberg.com/news/articles/… via Bloomberg Politics Fiona MacDonald sudhi ranjan sen Anthony DiPaola

THREAD In a region where leaders use oil and gas wealth to gain influence and shake up economies, Kuwait stands out more for what it’s not doing bloom.bg/3i2RvXf

⛽️🇰🇼#Kuwait plans to ramp up exports of #diesel and airline fuel to Europe this year, going a small way to help the continent make up for a drop in flows from Russia from next month. bloomberg.com/news/articles/… Fiona MacDonald

#Kuwait’s state oil producer says it missed a three-week #methane leak I found in satellite data. If you think this sounds crazy — it is. A 🧵 on my latest for Bloomberg Green bloomberg.com/news/articles/… 1/6

“This is not a dead-cat bounce.” The head of #Kuwait's national #oil company gives us his thoughts on rising demand in #China. He's much more optimistic than in December, when he said he was “really nervous.” bloomberg.com/news/articles/… Yousef Gamal El-Din Fiona MacDonald Ben Bartenstein

Crown Prince Mohammed bin Salman’s recent moves underscore #Saudi Arabia's growing geopolitical influence as a fossil fuel superpower #oil bloomberg.com/news/articles/… via Bloomberg Markets by Fiona MacDonald & Sam Dagher

First concrete result of #Iran-#SaudiArabia detente is emerging in #Syria, #Iran's main Arab ally. It's a win for Iran & reinforces its view that "we've entered a post-American Middle East," says Karim Sadjadpour. My latest w/ Fiona MacDonald & Zainab Fattah bloomberg.com/news/articles/…

To understand OPEC+'s self-inflicted predicament, start at an Ikea store, writes Javier Blas bloomberg.com/opinion/articl… via Bloomberg Opinion

OPEC Shuts Bloomberg, Reuters and WSJ Out of Oil Conference - Bloomberg bloomberg.com/news/articles/…

As Middle Eastern sovereign wealth funds emerge as the go-to investors for some of the biggest deals, the world’s oldest is being eclipsed by its ambitious neighbors. By Fiona MacDonald, Archana Narayanan and Nicolas Parasie bloomberg.com/news/articles/…

Kuwait Plans New Sovereign Investment Fund to Boost Growth - Bloomberg bloomberg.com/news/articles/…

The US and Saudi Arabia have agreed on the broad terms of a deal for the kingdom to recognize Israel, WSJ reports, citing US officials trib.al/fw0AAOB

In recent interview Bashar Al-Assad denied involvement in captagon manufacturing & trade but admitted it was "flourishing" in #Syria because US & Europe "sowed chaos" by backing protests against him in 2011 & supporting those who have sought to topple him tinyurl.com/26dttc4n

Our latest on the political and economic implications of top US allies like #SaudiArabia and #UAE joining the #China-dominated BRICS grouping, with Fiona MacDonald Jennifer Jacobs & Grant Smith bloomberg.com/news/articles/…

The London arm of #Kuwait Investment Authority has $250 billion in assets under management -- up from $27 billion in 2003 bloomberg.com/news/articles/… via Bloomberg Wealth Fiona MacDonald #KIA

Iran and #SaudiArabia formally end a diplomatic rupture that has roiled the entire region. “What happened in the past are lessons that we learn from and use to build the future,” Saudi Crown Prince Mohammed bin Salman told the Iranians last month bloomberg.com/news/articles/…