Please read: Oil markets brace for 2025 collapse as pressures mount on all sides
In addition, please see: Saudi Arabia has a big plan for oil that could hammer Russia’s war machine, economists warn, Fortune magazine, October 14, 2024
Quote from the October 22, 2024 Business Insider article 2 of the world's biggest oil producers are looking for new ways to power their economies:
Russia has also expressed a desire to stop relying on oil exports.
"We are moving towards reducing the share of volatile income and reducing Russia's dependence on oil and gas in favor of boosting our domestic economy," Anton Siluanov, Russia's finance minister, told RT's Arabic service earlier this month.
He did not specify how Russia would boost its domestic economy.
Also, please read the article: OPEC’s Waning Influence and the Weak Outlook for Russian Oil, Russia Post, October 2, 2024
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