How Saudi Arabia's Oil Strategy Could Threaten Russia's Economy

Reported 24 days ago

Saudi Arabia may flood the oil market to decrease prices, potentially harming Russia's economy which relies heavily on higher oil revenues to fund its war in Ukraine. Analysts suggest this could recreate the scenarios seen during the 2020 oil price war, placing Russia in a precarious position as it struggles with rising production costs and discounted oil sales, which are already critical due to its ongoing military expenses.

Source: YAHOO

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