The Saudis' breakeven price and spending remain high because they disregarded the tacit suggestion to raise output to exceed 10 million barrels per day
The recent increase in non-oil exports from Saudi Arabia highlights the country's efforts to reduce its historical reliance on oil revenues and diversify its economy
Over the past year, Germany's exports to Saudi Arabia increased by $89.5 million, while imports from the Kingdom dropped by $116.6 million, reflecting shifting trade