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Saudi Arabia significantly cut the oil price (which caused the global dip), and is since making up the difference by withdrawing from the oil fund. The long te
by hjnilsson 10y ago
Saudi Arabia significantly cut the oil price (which caused the global dip), and is since making up the difference by withdrawing from the oil fund.
The long term goal here is not entirely clear, but it mostly seems like a way to hurt the Russian economy and the fracking industry.
- forgetsusername 10y ago>Saudi Arabia significantly cut the oil price (which caused the global dip) Saudi Arabia can't cut the price of oil. They can increase or decrease their own (albeit large proportional) supply.