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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Russian agriculture at first shrank, then staged a comeback in the early years of the new century: By 2015 it had begun to export about as much wheat as the United States, and in 2018 it sold nearly twice as much (almost 44 million tonnes), most of it going to the Middle East and Africa. share in 2020, by contrast, was about 9 percent.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Financial Times quoted analysts as estimating the Saudi budget deficit in 2015 at $130 billion.