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Flags of Russia (left) and Saudi Arabia (right) On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production ...
Saudi Arabia produced 10.3 million barrels per day (1.6 × 10 ^ 6 m 3 /d) (Mbbl/d) in 1980, 10.6 Mbbl/d in 2006, and in the region of 9.2 Mbbl/d in 2008. Saudi Arabia maintains the world's largest crude oil production capacity, estimated to be approx. 11 Mbbl/d at mid-year 2008 and announced plans to increase this capacity to 12.5 Mbbl/d by 2009.
Website. pif .gov .sa. The Public Investment Fund ( PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion ( £ 726.3 billion). [2] It was created in 1971 for the purpose of investing ...
S-500 missile system. The S-500 Prometheus ( Russian: C-500 Прометей ), also known as 55R6M "Triumfator-M", [5] is a Russian surface-to-air missile / anti-ballistic missile system supplementing the S-400 and the A-235 ABM missile system. [6] The S-500 was developed by the Almaz-Antey Air Defence Concern.
On 14 September 2019, drones were used to attack oil processing facilities at Abqaiq ( Arabic: بقيق, romanized : Buqaiq) and Khurais ( خريص) in eastern Saudi Arabia. The facilities were operated by Saudi Aramco, the country's state-owned oil company. The Houthi movement in Yemen claimed responsibility, tying it to events surrounding the ...
The CBOE S&P 500 BuyWrite Index (ticker symbol BXM) is a benchmark index designed to show the hypothetical performance of a portfolio that engages in a buy-write strategy using S&P 500 index call options. The term buy-write is used because the investor buys stocks and writes call options against the stock position. The writing of the call ...
These Basic Earbuds. The Work Earbuds Classic. Raycon. For everyday wear that’s easy to take in and out, these buds are the perfect pick! See it! Get The Work Earbuds Classic (originally $120 ...
Darden CFO Raj Vennam told analysts on the company's earnings call Thursday that Olive Garden menu prices for this year are "to be more in line with inflation" in the 2.5% to 3% range, spread over ...