In June 2023, Saudi Arabia became the largest importer of Russian fuel oil and gas oil following the EU’s embargo, according to Baltimore Chronicle.
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Saudi Arabia
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OPEC+ plans to increase oil production, which may cause Brent prices to fall below $60 per barrel, according to Bloomberg estimates.
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OPEC+, led by Saudi Arabia, has decided to increase oil production amid the Israel-Iran conflict, raising global concerns and sparking speculation about its motives.
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Saudi Arabia has executed journalist Turki al-Jasser after seven years of imprisonment on charges of treason and threats to national security.
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Saudi Arabia launches a long-term oil price war aiming to reclaim lost market positions among global producers by shifting focus from prices to production volumes.
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In 2026, Saudi Arabia will allow the sale of beer, wine, and cider at 600 tourist sites as part of preparations for Expo 2030 and the 2034 FIFA World Cup.
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Saudi Arabia and Qatar have agreed to settle Syria’s debt to the World Bank for $1.2 billion, enabling the resumption of humanitarian and economic support for Syria.