Saudi Arabia more than doubled Russian oil imports in the second quarter, freeing up their own crude for export
Saudi Arabiamore than doubled its imports of Russian oilin the second quarter, Reuters says.
- The move allowed the Kingdom to free up their own exports.
The world's largest oil producer stepped up imports of Russian oil in the second quarter despite
Saudi Arabia imported 647,000 tonnes of Russian oil from April to June, according to data reviewed by Reuters. Saudi Arabia took possession of the oil from Russian and Estonian ports, and has thus far imported 320,000 more barrels from
The Kingdom's increased willingness to grow its reliance on Russian oil is at odds with global powers which are trying to condemn the Kremlin and cut off its exports in response to its invasion of
The imports also allow the Kingdom to free up their own oil exports to reap in profits from the record-high prices on the international market. Some of the Russian
Saudi Arabia uses oil for its power grid, especially important during scorching summer months. Many large cities in the Kingdom stretch far from natural
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