How Saudi Oil Policies Could Cripple Russia’s War Effort
Tsvetana Paraskova
Tsvetana is an author for Oilprice.com with over a years of experience composing for news outlets such as iNVEZZ and SeeNews.
More Info
Premium Content
By Tsvetana Paraskova - Oct 15, 2024, 7:00 PM CDT
The OPEC+ group, led by Saudi Arabia, prepares to start including oil supply to the marketplace as early as December.
Low oil costs might be an even larger drag on Russian spending plan incomes than the Western sanctions.
If oil costs were to drop materially amidst adequate supply, the profits struck on Russia might be huge.
...