As economists say, at this stage, Saudi Arabia will be important to push “a couple of Russian barrels” from the market.
Saudi Aramco, the world’s largest oil exporter, purposefully lowered
the prices of their raw materials for the European market, which now still holds
first the position of the Russian Federation, reports “Dialog UA” with reference to
officially reduced prices on all brands of oil for the countries of North-Western Europe,
The Mediterranean, as well as some varieties for the Asian market.
oil on the European market is now growing well, therefore, for Saudi
Arabia will be important to supplant a couple of Russian barrels from the market”, — said
Edward bell, an analyst with commodities at Emirates NBD.
At the same
time notes that the company has raised the cost of oil to American
We will remind, experts predicted Russia’s economic catastrophe due to the fact that the country is rapidly Deplete oil reserves.
it was reported that Saudi
Arabia attacked the Russian competitors announcing discounts on “black