World News@lemmy.worldEnglish · 1 year ago

Saudi energy minister says oil supply cuts are not about 'jacking up prices,' as Brent hovers at $95 a barrel

www.cnbc.com

Saudi energy minister says oil supply cuts are not about 'jacking up prices,' as Brent hovers at $95 a barrel

www.cnbc.com

alphacyberranger@lemmy.world to

World News@lemmy.worldEnglish · 1 year ago

Saudi Arabia is the world's largest seaborne oil exporter and relies on hydrocarbon revenues to support so-called giga-projects designed to diversify its economy.

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1 year ago
It’s about oil war between SA/Russia and US.

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