Dubai, United Arab Emirates (CNN) – Activists on social media circulated a report published by Bloomberg on the amount of money that Saudi Arabia earns from selling oil daily, which it claimed amounts to “a billion dollars a day.”
Saudi Arabia does not control oil prices, and it is in its long-term interest to keep prices below $90, and everyone knows that the price hike and exceeded $120 was caused by America, its climate policies, mismanagement of its oil reserves, and the failure to increase the refining capacity of American refineries, which caused a shortage of gasoline and diesel – then War https://t.co/Grx874M43u
In its report, Bloomberg said: “With the oil market turbulent, the world’s largest exporter of crude oil once once more has the ability to meet demand. It makes one billion dollars a day from oil, and the economy of Saudi Arabia is expected to grow, along with India, faster than any of the G-20 countries.
Bloomberg: Saudi Arabia’s economy is growing rapidly and dramatically, earning $1 billion a day from oil, and its economy is expected to be larger than any of the G20 countries https://t.co/uoa5BIAi3s
On the second of this month, oil prices around the world witnessed a remarkable rise following the “OPEC +” alliance announced an increase in production by 648,000 barrels per day, in a move described by the head of the consulting company (Rapidan Energy) as “symbolic” on the part of Saudi Arabia rather than influential. Already on the market.
News: Saudi Arabia earns $1 billion a day from oil, giving Riyadh the opportunity to reformulate its relations with the United States on its own terms. https://t.co/bzI1ELmbkT
The price of Brent crude jumped by 1.5%, to reach the price of a barrel of 118 US dollars, following it was 113 US dollars earlier today.
#Bloomberg ????????: “#Saudi ???????? is making $1 billion per day from #oil, which gives #Riyadh ???????? the opportunity to reformulate its relations with the #US ???????? on its own terms.” #Saudi_Vision_2030 ????????❤️???????? https://t.co/hzmGUPKTsr
These indicators confirm the fact that the emergency increase on the part of “OPEC +” is not sufficient to solve the production problem and maintain price stability.
