Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.
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Saudi Arabia and Russia rely on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.Western oil companies hope that fat dividends and share buybacks can boost their stock valuations.Frugal U.S. and European oil-and-gas companies are making it easier for Saudi Arabia and Russia to fund their political maneuvers.
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