The USA and Saudi Arabia agreed to help Ukraine with the export of grain
During the visit of US President Joe Biden to Saudi Arabia, the parties signed 18 agreements and memorandums of cooperation in a number of fields, including energy, health care, investment and space. Source: The White House The parties also touched on the topic of Ukraine, in particular, assistance to its people and the export of grain blocked...
Saudi Arabia agreed to produce more oil instead of Russia
If oil production in Russia falls due to sanctions, Saudi Arabia is ready to increase production to prevent a deficit. Earlier, the kingdom refused to pump more oil. Source: Saudi Arabia’s official The kingdom has resisted calls from the White House to accelerate production increases despite oil prices trading near $120 a barrel, the...