Saudi Arabia’s Economic Strategy is a Double-Edged Sword for OPEC Stability ...Middle East

OILPRICE - Economy
Saudi Arabia’s Economic Strategy is a Double-Edged Sword for OPEC Stability
source : OILPRICE ( Middle East ) () 33
While countries like Brazil and the United States are often seen as major pressures on OPEC oil production policies, Saudi Arabia’s ambitious Vision 2030 might pose an even greater challenge. This transformative economic strategy, spearheaded by Crown Prince Mohammed bin Salman, aims to shift the kingdom's reliance away from oil, potentially destabilizing OPEC's delicate balance. Transformations are pricey. And Saudi Arabia’s Crown Prince Mohammed bin Salman’s grand plan to diversify its economy away from oil by embracing lavish…

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