Skip to main content

The war in Ukraine and Saudi oil policy

Saudi Arabia has so far resisted pressure from the US to raise oil production in order to dampen prices but, with Russian oil production and exports set to be disrupted, we think that a move in this direction is now more likely than not. While the Kingdom will not want to be seen pandering to the US, raising oil output more quickly would align with its long-term strategy in the oil market of increasing market share. In view of the wider interest, we are also sending this Middle East & North Africa Economics Update to clients of our Energy Service.

Become a member to read more

This is premium content that requires an active Capital Economics subscription to view.

Already a member?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access