Spotlight on Alexandria Vardon, Firestone High School

 
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WJ-OSU-STEELERS

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The Saudi Prince is upset with Russia/Putin because of cheap Russian oil hitting the market and driving down the cost of oil per barrel to $70. The Saudi’s need oil to be at $81 a barrel in order to finance their “so-called gigaprojects, which include a 110-mile long city in the desert called "The Line" and a resort in the Red Sea that's the size of Belgium.”

I thought Russia was selling its oil to China at above market price.

markets.businessinsider.com

Russia and Saudi Arabia are at odds after a flood of Russian oil supply pushed the commodity's price below a key break-even level needed to fund Saudi projects

Economic advisors have privately warned Saudi senior policy makers that the kingdom needs higher oil prices to fund a slew of megaprojects.
markets.businessinsider.com markets.businessinsider.com
 
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