Thursday, March 12, 2020

Saudi Arabia and Russia are gambling with oil supplies

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"As the world’s biggest oil producer with relatively high operating costs, the US is the supplier most exposed to a price war sparked by the rivalry of the second and third largest oil producers. ... 
[In September of 2019] Putin suggested the Saudis could better protect their population if they followed the Turkish and Iranian precedents of investing in Russian missile systems. The remarks were pointed, as the Saudis had cemented a deal to buy US Patriot missiles. ..."

Saudi Arabia and Russia are gambling with oil supplies | The Strategist: Poker games get no bigger than this. Saudi Arabia’s Prince Mohammed bin Salman has gambled that a threatened cut of almost US$1 trillion to global oil revenue will force Russia’s President Vladimir Putin back into ...

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