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Foreign relations of Saudi Arabia are the diplomatic and trade relations between Saudi Arabia and other countries around the world. The foreign policy of Saudi Arabia is focused on co-operation with the oil-exporting Gulf States, the unity of the Arab World, Islamic solidarity, and support for the United Nations. [1]
This is a list of oil-producing countries by oil exports based on data for 2022 by CEIC. Oil in this list refers to base crude oil only, and not refined petroleum products such as gasoline, diesel and airplane fuel. In 2022, Saudi Arabia was the largest exporter of petroleum, followed by Russia and Iraq.
The relations between Saudi Arabia and UAE have strengthened significantly with the rise of Mohammed bin Salman as Crown prince of Saudi Arabia, with Mohammed bin Zayed being described by media as aiding his ascension to crown prince and serving as a "mentor" to Mohammed bin Salman. [5] [8]
Saudi Arabia is reportedly planning to abandon its unofficial price target of $100 per barrel for crude oil in a bid to grab market share by upping supply, according to a Financial Times report in ...
On 9 January 1968, three of the then–most conservative Arab oil states – Kuwait, Libya, and Saudi Arabia – agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War.
Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up prices, showing how two of the world's largest oil producers are scrambling to boost ...
The US produces more oil than any other nation in the world — so why do we still rely on countries like Saudi Arabia and Canada to supply us with crude? Amy Legate-Wolfe September 1, 2023 at 3:15 AM
The discovery of oil allowed the UAE to increase and diversify its trade relations with India. UAE and India are each other's main trading partners. The trade totals over $75 billion (AED275.25 billion). [182] During the first half of 2010, non-oil trade between India and the UAE stood at US$20.4 billion. [183]