An oil alliance between Saudi Arabia and Russia was once deemed unthinkable. Now a prolonged partnership looms in the face of their shared adversary — the oversupply created by the rise of the US shale industry.
Financial Times: Saudi Arabia and Russia stuck in unlikely oil alliance
As the United States seeks to strengthen sanctions on Moscow for its occupation of Crimea, energy experts say the powerful Russian oil industry would make a robust target. But any penalties on energy investments, technology transfers and financial transactions would most likely also punish Western oil companies like Exxon Mobil that are investing heavily in Russia.
