Knife in Putin's back: how Saudi Arabia decided to pick up oil in Russia
All recently, they have fought for the price at the market at 100 dollars per barrel, which would balance the kingdom budget and provide funding for all the prince's megaproelects on modernization of the country, such as the construction The World Cup in 2030. Actually, OPEC was imposed restrictions on oil production, trying to keep the price high. What was very assisted by Russia, for which the high price of oil is absolutely important. But it seems that the Saudi was gone.
Problems with China's economy do not hope that oil will be expensive. And you need to finance the budget. And if the price of the product does not increase, then you can simply sell more of this product. So now they are starting to fight for the market share. Because somehow it was unpleasant to Saudi and other OPEC comrades to see how their market share has fallen in recent years. And the largest oil production was the United States. And the money was not flowing into their pockets.
And this is what we have been waiting for. Because this can dramatically push the price of oil, and therefore the income of the Russians, down. Only in this news did the cost of oil seated for 2%. So, in China this week decided to create a lot of incentives for the economy that had to push oil prices up. But nit. And it's just an article. Saudi Arabia has not yet increased oil production. But now it will increase almost inevitably, reminiscent of Putin and the sweet 80s.
And then they have to change their strategy and other countries. Because who is the last, that loch. If this process begins, it will be difficult to stop it. So Saudi Arabia decided to start it. Maybe because it is not afraid of price competition, because it has a very low cost. And so, Saudi Arabia just joined Brix. But everyone is there for themselves. For their interests. And especially for your loot.