Saudi Arabia, Russia and Politico
Saudi Arabia will leave Russia without money for war if oil prices collapse – Politico
Moscow will lack the funds to support its war economy if Saudi Arabia fulfils its plans to increase oil production to regain market share. Source: Politico Details: Saudi Arabia is increasingly frustrated by the failure of other oil-producing countries to coordinate supply cuts to raise oil prices to around US$100 per barrel (currently around
Saudi Arabia's planned oil production hike threatens Russia's war economy, Politico reports
Russia is greatly reliant on oil and gas exports, which have represented almost one-third of the country's total federal revenue in 2023 and 42% in 2022. Fossil fuel profits thus play a key role in funding Russia's expensive war machine in Ukraine.
Blow to Putin's War Machine As Saudi Arabia Ramps Up Oil Production
Saudi Arabia is prepared to abandon its $100-a-barrel crude oil price target as it moves to increase output, signaling its acceptance of lower prices.
Saudi Arabia Warns Oil Prices Could Drop to $50
Saudi Arabia has warned OPEC+ members that it may unleash a price war if they continue to flout their output quotas.
Saudi Arabia could undermine Russian economy by increasing oil production - Politico
Russia risks facing a cash shortfall for its war economy if Saudi Arabia increases oil production. Riyadh is dissatisfied with the lack of coordination among countries to cut supply in order to raise prices from the current $70 to $100 per barrel,
Saudi Strategic Shift Raises Specter Of Another Oil Bust
Saudi Arabia is again signaling a shift in strategy to protect global market share. The last time this happened, an oil bust ...
Saudi Arabia bids for UN human rights spot, as it breaks annual execution record
Saudi Arabia is seeking a seat on the United Nations Human Rights Council hoping to reverse its 2020 failure to win a spot on ...
World Politics Review on MSN22h
After Saudi Arabia and the UAE, Bahrain Is Thawing Ties With Iran
Bahrain recently released political prisoners at home and thawed ties with Iran, two related shifts that remain vulnerable to ...
Saudi Arabia threatens to open the valve: what is the danger of disobedience in OPEC+?
If the OPEC+ countries do not fulfill their obligations to produce oil, then the price of oil may fall to $ 50 per barrel.
Saudi Arabia and OPEC face challenges enforcing crude oil output cut quotas
Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries, is once again faced with a ...
Saudi Arabia to drop $100 crude target to win back market share, FT reports
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output ...
Saudi Arabia ready to abandon $100 crude target to take back market share
Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in ...
India ramps up oil imports from Saudi, Iraq as domestic demand rises
Imports from Iraq and Saudi rose 16 percent and 37 percent, respectively, in September. Russia, however, remained the top ...