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Saudi Arabia and the new economics of oil

in English/إقتصاد عام

There is absolutely no doubt that the next Opec ministerial meeting this week will pit Saudi Arabia and its Gulf allies against Iraq, Iran and Venezuela, three founder members of the oil exporters organisation. Saudi Arabia has increased its production 140,000 barrels a day above its 10.058 MBD output ceiling in the pact the kingdom…

Putin’s power play: Saudi-Russia oil deal leads to bigger Russia role in Middle East

in English/إقتصاد عام

Saudi Arabia’s oil production agreement with Russia was opportunistic at first, but it is now the foundation for a broader relationship that has the potential to reduce already waning U.S. influence in the Middle East. Experts note that Russia has relationships with many powers in the Middle East and is the only one that can…

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