Saudi Arabia’s Oil Production Surge: Impacts on Russia and European Energy Security

The biggest blow to Russia’s economy may not come from Ukraine but Saudi Arabia

6 December 2024

Saudi Arabia’s oil ambitions and Donald Trump’s policies could reshape global energy markets, destabilise Russia’s economy and give Central Europe a financial boost.

Oil is one of the most important commodities in the global economy. It shapes international trade and drives geopolitical strategies. Changes in oil prices have consistently influenced history, from economic crises to shifts in political power.


Today, Saudi Arabia’s decision to increase oil production signals a potential shake-up in global markets. For oil-exporting nations like Russia, this could mean budget shortfalls and economic strain. Meanwhile, oil-importing countries, particularly in Central Europe, may see opportunities to reduce costs and diversify supply chains.

Moreover, Russia could encounter challenges similar to those faced by the Soviet Union in the 1980s, during its war on Afghanistan and the cut in oil prices. The financial impact then forced the Soviet Union to cut spending, weakened its currency and, some argue, contributed to its eventual collapse.

Subscribe

Democratic security comes at a price. What is yours? By subscribing or donating now gain access to analysis, forecasts and scenarios by leading analysts and reporters who monitor democratic risks and develop policy debate from Central Europe on Central Europe.

MonthlyVAT included

€6/month

See all details

  • Full access to articles and all reports in PDF
  • Weekly outlook on democratic security in CEE delivered by e-mail
  • Weekly newsletter with essential highlights
  • Invitations to all Visegrad Insight events online and offline

AnnualVAT included

€60/year

See all details

  • Individual subscribers only. Check our CORPORATE OFFER below
  • Almost 17% discount (12 EUR off monthly cost if paid annually)
  • Full access to articles and all reports in PDF
  • Weekly outlook on democratic security in CEE delivered by e-mail
  • Weekly newsletter with essential highlights
  • Invitations to all Visegrad Insight events online and offline

Institutional

GO TO CHECKOUT

See all details

  • Access to all articles for your team
  • Access to all Reports for your team
  • Every Monday a Weekly Outlook with an update on key developments in Central Europe delivered by e-mail
  • Every Thursday a newsletter with the most important highlights and invitations
  • Personal invitations to Visegrad Insight Events
  • Foresight, policy, and risk analysis reports (on-demand)

I am a representative of an institution/business. Is there a corporate offer?

The annual subscription for up to ten institutional users: EUR 999
GO TO CHECKOUT

For a tailor-made offer email us: contact@visegradinsight.eu 

  • Access to all articles for your team
  • Access to all Reports for your team
  • Every Monday a Weekly Outlook with an update on key developments in Central Europe delivered by e-mail
  • Every Thursday a newsletter with the most important highlights and invitations
  • Personal invitations to Visegrad Insight Events
  • Foresight, policy, and risk analysis reports (on-demand)

Intelligence prepared by a group of Visegrad Insight Fellows from all across

Can I receive an invoice?

Yes. You will receive a receipt immediately after purchase and a VAT invoice upon request. The subscription amount includes tax. In case of a donation, there is no tax.

Are my credit card details safe?

Yes. The payment is processed by STRIPE www.stripe.com entrusted also by Amazon, Zoom, Booking.com and used by other global NGOs and businesses in the world. We do not store your credit card details.

How modify or cancel my subscription?

At any moment you can manage your subscription and account details. Sign in to modify or cancel.

Ivan Us

Ivan Us is a Economic Diplomacy Program Expert, and since 2014 he has been Senior Consultant at the Foreign Policy Center of the National Institute for Strategic Studies under the President of Ukraine in Kyiv.

Newsletter

Weekly updates with our latest articles and the editorial commentary.