“Fuel prices will be determined in Riyadh.” A Bloomberg report on comparing Saudi Arabia to America and Russia in leading the oil markets sparks reaction.

2023-09-28 07:53:48

Al-Marsad newspaper: Activists on social media circulated a report published by Bloomberg entitled “Fuel prices will be determined for the winter in Riyadh,” which sparked a reaction.

“Saudi Arabia — more than Russia, the United States, or even OPEC+ as a whole — will determine the direction of oil for the rest of the year and beyond,” Bloomberg said in its rolling report.

US oil prices exceeded $94 per barrel in trading on Wednesday for the first time in more than a year, threatening higher prices at pumping stations and inflation throughout the economy.

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