The key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing Chinese and Russian influence across the region – the Abu Dhabi National Oil Co (ADNOC) – last week announced massive new oil discoveries, a huge new investment program, and received the go-ahead to award major oil and gas exploration blocks. These developments should easily enable the company to reach and surpass its new 5 million barrel per day (bpd) oil output target that is central to the a new corridor of co-operation being developed from the U.S. (and Israel), through the UAE (and Kuwait, Bahrain and, in part, Saudi ... (full story)