“Saudi Arabia’s Oil Production Cuts: Navigating Economic Challenges”
In recent quarters, Saudi Arabia’s economy has faced a significant jolt, as the world’s largest crude oil exporter deliberately slashed its oil output to support global prices. The impact has been felt, with the country’s gross domestic product (GDP) shrinking by a notable 4.5% year-on-year in the third quarter of 2023. This contraction is the … Read more