oil production strategies of OPEC

Why is Saudi Arabia reducing its oil production?

Saudi authorities have stated it was a consensus among OPEC+ member states.

Russia now India’s 2nd biggest crude oil supplier, replacing Saudi Arabia

Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression.

October 23, 2022
October 23, 2022

Why is Saudi Arabia reducing its oil production?

Saudi authorities have stated it was a consensus among OPEC+ member states.

July 8, 2022
July 8, 2022

Russia now India’s 2nd biggest crude oil supplier, replacing Saudi Arabia

Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression.