Russia and Saudi Arabia are at odds after a flood of Russian oil supply pushed the commodity's price below a key break-even level needed to fund Saudi projects

Russia and Saudi Arabia are at odds after a flood of Russian oil supply pushed the commodity's price below a key break-even level needed to fund Saudi projects

Upworthy

Published

None Saudi Arabia is growing annoyed with Russia as Moscow continues to pump cheap crude oil into the market. • None The increased supply of oil from Russia is helping push oil prices below levels Saudi Arabia needs to fund its megaprojects. • None Saudi Arabia's massive budget needs oil prices to…

#saudiarabia #moscow #nonesaudiarabia #saudi #russian #ukraine #brentcrude #redsea #belgium

Full Article