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Alpha Beta Blog

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Why The Saudis Won’t Pump More Oil

They’re loving the high prices right now

As Russia mulls whether to invade Ukraine, one interesting side wrinkle is whether Joe Biden can convince Saudi Arabia to increase its oil production. Saudi Arabia is a huge producer of oil, ranking second in the world in terms of barrels produced (thanks to shale oil and fracking technology, the U.S. is actually number one these days).

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Tony Yiu

Tony Yiu

Data scientist. Founder Alpha Beta Blog. Doing my best to explain the complex in plain English. Support my writing: https://tonester524.medium.com/membership