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Saudi Arabia Has Only One Objective: Higher Oil Prices at Any Cost! For now, they have achieved their objective, showing President Biden firmly who is in charge. Mar 05, 2021 | 10:00 AM EST If one were to look back one year when WTI oil prices traded at -$40/bbl., one would never have imagined to see WTI trading closer to $65/bbl. today, back above the level before the March Covid crisis. This is what happens when a market that is controlled by three nations, Saudi Arabia, Russia and the U.S., one of which does not rule logically but emotionally constantly surprising the market, more often than not in the wrong direction, which they only realize much later when the damage is done. Last year as travel demand was getting hit, Russia did not play ball with Saudi Arabia for the cuts, to which the latter decided to teach them a lesson and flooded the market with extra oil at a time when world was going into lockdown. Not realizing the power of their own actions, they caused o

Saudi arabiaLong technologyMarch covidPrices paid indexPresident bidenThe streetMaleeha bengaliசவுதி அரேபியாநீண்டது தொழில்நுட்பம்ப்ரைஸஸ் செலுத்தப்பட்டது குறியீட்டுப்ரெஸிடெஂட் பிடென்தலைப்புச் செய்திகள்தி தெரு