2 Days
Source:
الاقتصادية
Oil geopolitics: US, Russia, Saudi
The article discusses Saudi Arabia's strategy in the global oil market, where it adopts a "chess-playing" approach to manage its reserves and influence prices. Recent decisions, such as lowering the price of light Arabian crude to Asia by $11 per barrel, have helped strengthen Riyadh's control over the Asian market, especially amid competition from countries like Iran and Russia vying to increase production. The article also highlights Saudi Arabia's history of employing long-term strategies, such as reducing production in 1973 and achieving victories over the decades by precisely timing its moves. These tactics have enabled the kingdom to maintain its status as the world's largest oil exporter and to realize record profits. Analysts note that these policies aim to protect its market share, secure its technological sovereignty, and adapt to current economic and geopolitical challenges.
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