Russia–Saudi Arabia relations - Wikipedia
Russia–Saudi Arabia relations (Russian: Российско-саудовские отношения, Arabic: العلاقات السعودية الروسية) are the bilateral relations between the Russian Federation and the Kingdom of Saudi Arabia.
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a ...
Sep 6, 2023 · Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
How Saudi Arabia could create a crisis for Russia's economy
Nov 20, 2024 · Russia's wartime economy could face a tougher time securing needed oil revenue if Saudi Arabia tanks global crude prices. The kingdom has reportedly signaled that crude could drop as low as...
Russia’s Enduring Presence in the Middle East
Nov 1, 2024 · Among these relationships, three stand out for their importance: Saudi Arabia, Iran, and Türkiye. Saudi Arabia is a key ally for Russia, given the role of hydrocarbons as the lifeblood of the Russian economy and Saudi Arabia’s outsized global and regional reach.
Russia and Saudi Arabia’s Oil Partnership Shows Strain
Jun 7, 2023 · Saudi Arabia said it would reduce its exports by a million barrels of oil per day in an effort to prop up falling prices. But Russia made no new commitment to reduce its exports. It was the...
Saudi Arabia and Russia are cutting oil supply again in bid to …
Jul 3, 2023 · Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world to try to prop up prices, showing how two of the world’s largest oil producers are scrambling to boost income from the fossil fuel even as demand has weakened with the economy.
Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts
Dec 7, 2023 · Saudi Arabia and Russia, the world's two biggest oil exporters, called for all OPEC+ members to join a deal on output cuts.
Ostracized by the West, Russia Finds a Partner in Saudi Arabia
Sep 14, 2022 · As Russia massed troops on its border with Ukraine and invaded the country at the start of the year, Saudi Arabia’s Kingdom Holding Company quietly invested more than $600 million in Russia’s...
2020 Russia–Saudi Arabia oil price war - Wikipedia
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic . [ 1 ]
What’s Driving Russia’s Opportunistic Inroads With Saudi Arabia …
Oct 5, 2022 · The spotlight is back on the burgeoning Saudi-Russia relationship, thanks to their renewed efforts to prop up oil prices and Saudi Crown Prince Mohammad bin Salman’s role in brokering a surprise deal in September to release foreign prisoners of war seized on the battlefield in Ukraine, including several U.S. and UK military veterans.