New Delhi, May 5: They have been one of Pakistan s most enduring backers and Shehbaz Sharif s very first foreign visit, after taking over as Prime Minister of Pakistan, to the Kingdom of Saudi Arabia and thereafter to the United Arab Emirates .
VIENNA, March 31 The Opec group of oil producing countries and its Russia-led allies agreed on another modest oil output increase today, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices. The 13 members of the Saudi-led Organisation of.
The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices.
Volatility on oil markets sparked by Russia’s military offensive against Ukraine would be worse without OPEC+, the Saudi energy minister said on March 29, insisting the alliance that includes Russia deserves credit. Oil shot up to nearly $140 on supply fears after Russia sent troops into its neighbour on February 24, and the price of crude is still trading at well over $100 a barrel.
As the Ukraine conflict continues into its second month, with no immediate resolution in sight, several Middle Eastern countries increasingly find themselves having to take sides and choosing among security, business agreements and, in some cases, keeping food staples on the table for many families.