Russia and Saudi Arabia each produce between 9-10 million barrels of oil a day. Together, they account for over 20% of total world oil production . This gives them significant control over supply, despite Western sanctions and price caps on Russian oil following the war in Ukraine , and disruptions caused by the Strait of Hormuz blockade. As the biggest member of the Organization of the Petroleum Exporting Countries ( OPEC ), Saudi Arabia has long dominated the formal alliance and worked to

Tag-uri: Petrol