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The Daddy of all Deals!

A mega deal makes everyone happy! Dubai gains some ground and Kuwait has big oil plans...
Published: February 3, 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, Flux
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, Flux
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, Flux
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, Flux
Jorge Montepeque
Edition: Asia EditionVolume: 3Issue: 23
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A mega deal makes everyone happy! Dubai gains some ground and Kuwait has big oil plans...

The greatest deal! If the EU can make the mother of all deals with India, the US can make the big daddy deal! Powers now court India with love and devotion. They all want to give a deal. But they also want things back. In Trump’s world, this means India will stop buying Russian oil and replace it with Venezuelan under US custody. Of course, Modi wouldn’t directly address the question of Russian oil and the Kremlin spokesman said Russia has heard no such comments from India. The oil market didn’t really react, as Brent ebbed along lazily through the Asian session, reaching the close at $66.11/bbl, before a post-window drop had it down 80c – which was quickly recovered.

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