Hadi Alami Fariman, an expert on American affairs, has examined the impact of the oil agreement between the United States and Russia on the future of oil in Arab countries. He stated that the importance of Middle Eastern oil to the United States has changed compared to previous decades, and heavy dependence on energy resources from this region could pose vulnerabilities for the country.
Changes in Oil and Gas Production
Alami Fariman continued that the increase in oil and gas production within the United States, especially with the development of shale oil and gas, has helped reduce dependence on Middle Eastern oil. In this context, attention to Venezuela and its oil reserves is also considered an important factor. Although Venezuela faces political and economic challenges, it could play a more significant role in the global oil market if conditions improve.
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The Role of Russia and China in Energy Equations
The issue of energy relations between the United States and Russia is also of special importance. Any potential agreement or cooperation between these two countries in the energy sector could have significant impacts on the global market. Alami Fariman pointed to China's role as one of the largest energy consumers and emphasized that the stability of energy transportation routes is vital for this country. The Strait of Hormuz and Bab-el-Mandeb are among the most important energy transportation routes in the world, and any disruption in them could affect prices, supply, and energy security.
He noted that if Venezuela's oil production increases in the future and energy cooperation between the United States and Russia expands, the global market's dependence on Gulf energy resources may decrease. These changes could also impact the position of OPEC and the production policies of member countries. Particularly, an increase in supply from producers outside the Gulf region may put more pressure on producing countries to manage supply and maintain market share.
According to Alami Fariman, these developments will affect not only the economy but also energy security. Energy infrastructures, especially large oil facilities, are always at risk of security threats, and regional countries must strive to enhance the protection of these infrastructures. Ultimately, changes in the global energy market could lead to alterations in the type and level of major players' dependence on the Gulf, although this region still holds an important position in terms of energy resources.
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