The Evolution and Prospects of Saudi Arabia – Russia Oil Relations: A Saudi Perspective

One of the major features of the latest oil price cycle has been the strengthened relationship and close coordination between two of the world’s largest oil producers: Russia and Saudi Arabia. This presentation analyses the evolution of Russia-Saudi Arabia oil relations and the prospects of this relationship from a Saudi perspective, by answering the following set of questions:

  • What is this relationship all about? Does it extend beyond oil related areas?
  • Has the relationship contributed to shaping market outcomes?
  • Is the relationship between the two producers symmetric?
  • How did the relationship evolve?
  • Why did this relationship emerge over this cycle? What were the driving forces?
  • Has the relationship been successful?
  • Would this relationship continue or will it crack under market pressures?
  • Will this renewed relationship reduce the importance of OPEC for Saudi Arabia?

By: Bassam Fattouh

Latest Tweets from @OxfordEnergy

  • Are Asian LNG Spot Prices Finally Decoupling from Oil? https://t.co/VwFrnNJHUS

    May 20th

  • Vitaly Yermakov quoted on the contamination of the Druzhba pipeline: Transneft was caught off guard because this ha… https://t.co/aOpNycyXbg

    May 19th

  • Natural Gas Vehicles are still increasing worldwide but electric vehicles are increasing more quickly. Do trucks pr… https://t.co/rooCJ7wvra

    May 14th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.