Is it possible that the Arab countries are buying up oil futures to keep the price up and not have to pump?

more oil?
We hear on the news that it is the speculators that are driving up the price of oil and not of use and production

Property in Dubai, Abu Dhabi – Guide to Buying Property in the United Arab Emirates

In recent years, the government of Dubai has reformed the property laws in that country. Through this reformation process, more and more people have found that buying residential real estate and investment real estate in that country is ever more attractive.

Historically, many foreign nationals were reluctant to invest in real estate in Dubai because there [...]