Blow to Putin's War Machine As Saudi Arabia Ramps Up Oil Production - Newsweek

Saudi Arabia is prepared to abandon its $100-a-barrel crude oil price target as it moves to increase output, signaling its acceptance of lower prices.

By: Newsweek

Sep 27 2024
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Saudi Arabia is set to ramp up oil production in a blow to Russian President Vladimir Putin's war machine and his invasion of Ukraine. Saudi Arabia is prepared to abandon its $100-a-barrel crude oil… [+3932 chars]

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