Riyadh reduces its dependence on the USA 04:34

broadcast journalist Le Monde Jean-Michel Beza argues that Saudi Arabia has reduced its dependence on the USA by improving its relations with the Russian Federation and China, while Riyadh has not completely given up on Washington and demands new “mutual aid agreements” from it.

According to him, Riyadh regained control of the oil market with the support of Moscow. In this way, the price of the kingdom’s economic ambitions is very high. The journalist believes that Saudi Arabia will do everything to extend oil production as long as possible.

Before this, oil prices rose to 100 dollars per barrel. bury Experts say developing countries have hopes of slowing inflation and lowering interest rates.

Analysts say that this is fraught with the collapse of the assets of the countries in question. John Harrison, Managing Director of Macro Strategy for Emerging Markets at GlobalData TS Lombard, is confident that the trend of slowing inflation in emerging economies due to rising oil prices has already broken down.

Previously recognizedWhen oil prices fall to $50 per barrel.

Source: Gazeta


More from author

US Republican National Convention to announce Trump as presidential candidate 01:04

The US Republican Party Convention will announce former President Donald Trump as its candidate for the November presidential election. This was reported by DEA...

Lawyer explains how Russian retirees can cancel their debts 00:44

Russian pensioners can apply for bankruptcy proceedings to cancel their debts. Lawyer Alexander Shefer spoke about this "Rossiyskaya Gazeta". According to him, if a citizen...

Pilot disclosed details of Ukrainian special services’ request to hijack Tu-22M3 07/14/2024, 23:22

The Russian pilot, whom the Ukrainian special services tried to recruit to smuggle the Tu-22M3 strategic bomber abroad, told the details of what happened....

Russia plans to gradually index scrap tax on cars 00:54

The Government of the Russian Federation plans to establish a step-by-step annual indexation of the recycling fee for cars, buses and certain items of...