Oil price falls as kingdom prepares to raise output from December

  • BombOmOm@lemmy.worldOP
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    1 month ago

    Yeah, I think someone in Saudi Arabia looked at the expenses for The Line‡, and then put out a number that sounds nice and would help with that massive outflow; but like you said, didn’t trifle with a more realistic target. Meanwhile, Russia is pumping with whatever hasn’t been hit by a drone yet, as they can use every ruble they can get; depressing the price.

    ‡I still can’t get over how, instead of building up an industry in Saudi Arabia to vary the economy, instead they went for a vanity mega-project to … attract tourists?