Why Are Gas Prices Up? These Frenemies Get Some Of The Blame
by Uri Berliner
Apr 30, 2018
3 minutes
Russia and Saudi Arabia have been longtime adversaries over geopolitics and military operations in the Middle East. Now, they've formed a surprising bond that is reshaping global oil markets.
As two of the world's largest oil producers, they have engineered significant production cuts to mop up an oil glut that had been keeping energy prices low for years. The unexpected alliance is one of the reasons motorists in the U.S. have seen prices at the pump climb over the
You’re reading a preview, subscribe to read more.
Start your free 30 days