The unprecedented dynamic of Saudi Arabia deliberately increasing production during weakening demand marks a strategic shift from historical patterns of reducing output to maintain prices. This power play directly impacts the prophetic alignment of nations, as energy policy becomes a tool for reshaping Middle Eastern alliances ahead of the Ezekiel 38 configuration.
Saudi Oil Surge: Mideast Energy Power Shift Signals Ezekiel Trade
📰 What Happened
TotalEnergies reported a 30% drop in Q2 net income to $2.7 billion as global oil markets face oversupply. Saudi Arabia and OPEC+ are increasing production to gain market share despite weakening demand. The company expects oil prices to remain between $60-70 per barrel. Despite challenges, TotalEnergies maintains its €0.85 dividend and $2 billion buyback plan, while debt increased from $20 billion.
📖 Prophetic Significance
Saudi Arabia's location in ancient Dedan (Ezekiel 38:13) takes on new significance as it flexes its energy influence. The deliberate oversupply strategy, coupled with TotalEnergies' $2.7 billion earnings drop, demonstrates how Middle Eastern powers are positioning themselves through energy policy. This aligns with prophecies of Sheba and Dedan's role as economic powerhouses questioning the Gog-Magog invasion. The $60-70 per barrel price target suggests strategic pricing to maintain control over global energy flows, precisely as predicted for the region's end-time economic influence.