9 Days
Source:
عكاظ
A companion in tough times
The article focused on the history and strategy of the Kingdom of Saudi Arabia in managing the oil market. It highlighted how OPEC was founded in 1960 with the goal of achieving stability in the oil market, and how this evolved into the formation of the OPEC+ system in 2016 to enhance cooperation with Russia and other producers. The article also emphasized Saudi wisdom in managing market fluctuations, especially during crises such as tensions in the Strait of Hormuz. During such times, Saudi Arabia invested in diversifying energy sources, including alternative energy and hydrogen. It underscores the importance of wisdom and silence during times of uncertainty, while maintaining its role as a reliable energy supplier until 2050.
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