Australian National University Professor Amin Saikal, in an article he wrote for an Australian magazine Strategist He wrote that Saudi Arabia, together with Russia, took control of oil prices.
“Two oil-producing countries from opposite ends of the political spectrum hold the key to the price of oil: Russia and Saudi Arabia,” he wrote.
The professor reminded that Moscow and Riyadh cut production within the framework of the OPEC + cartel in order to stabilize the oil market.
He also noted possible good relations between Russian President Vladimir Putin and Mohammed bin Salman. According to the expert, as long as the interests of Russia and Saudi Arabia coincide, oil prices will not fall, which will cause “difficult times” for fuel consumers.
Before that, Russian Deputy Prime Minister Alexander Novak statedIt is stated that the fuel shortage currently observed in Europe is due, among other things, to Western countries imposing a price ceiling on Russian oil.
Previously recognizedHow long will oil remain the world’s main energy source?