All right, Alexander, we are here with Ray Zuccaro, joining us once again on the Duran.

Ray, how are you doing, and where can people follow your work?

Good morning, gentlemen.

Thank you again for having me on.

I post my thoughts monthly at Ray Zuccaro on TwitterX.

I posted my April thoughts last night, and my firm's website is www.r.rvx-am.com.

All right. I will have those links in the description box down below and as a pinned comment as well,

so you can follow Ray and his excellent analysis. And we are going to talk about some of his analysis

and what's going on in the world

with OPEC, with oil, with the UAE, what's happening in the European markets, in the Asian markets,

and of course everything going on in the United States with the rising price of oil.

So Alexander Ray, let's get into it. Let's indeed get

into it. And can I just also advise people to go to and read up on Ray's analyses?

I'm learning a huge amount from them. It's been very striking to track the things that Ray has been saying, both on these

programs and in what he writes.

And, well, they're very level-headed and they take us towards the truth.

I mean, they tend to come true.

In the world of economics, that's a very difficult, very difficult, very challenging thing to be able to achieve and Ray is achieving it.

Now, Ray, if I can start this program with the situation with the Persian Gulf producers and specifically with the UAE.

The UAE has just quit OPEC.

There have been many discussions about the reasons for this.

Some of them have focused on this affection within OPEC between Saudi Arabia and UAE,

...