Russia, Saudi Arabia, and the US: A Slippery Oil Triangle (BESA Center)

Oil relationships are as unstable and volatile as romantic ones. Following a deadlocked OPEC summit in February, Moscow and Riyadh announced they would ramp up production, sending already low prices tumbling. Since both countries’ budgets are almost entirely dependent on energy exports, this suggests they have decided geopolitical interests trump purely economic ones.

https://besacenter.org/perspectives-papers/russia-saudi-arabia-us-oil/

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