2 Days
Source:
الاقتصادية
_1777294237270_124456903.png&w=48&q=75){kind=small}
Oil Power Dynamics: US, Russia, and Saudi Arabia
The article discusses Saudi Arabia's strategies in the oil market and how its movements reflect the global struggle over energy, using a psychological and strategic "chess" approach to assert control and influence markets. It explains how Saudi Arabia has adopted a long-term mindset by taking steps such as lowering crude prices to achieve record profits while maintaining its market share. The country has successfully employed these strategies since the 1973 crisis, which helped strengthen its position as a major oil power. The article also addresses recent adjustments in Saudi production aimed at protecting the Asian market from Iran and Russia's manipulation, leading to price stability and unprecedented profits for Aramco. It refutes the political conflicts among major nations related to oil prices and highlights the Kingdom's role in timing decisions to serve its long-term interests.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)