Spent some time in Dubai for work purposes several years ago. Very Western-friendly Arab nation. Surprised that they have been unscathed by their more moderate tendencies.
Sounds like the Philippines Islands.I tell all my friends that it was basically Disneyworld for adults.
OPEC and especially UAE signalling they're going to run on the spigots. You can certainly debate whether this is ultimately a good thing long term, but short term will help at the pump.
Anything that lowers the price of oil will hurt Russia who is hoping for a high price....they'll have to discount their oil or gas for even the Chinese to buy...