Saudi Arabia, Kuwait Agree to Produce Oil in Shared Fields

What is one of the key roles of the neutral zone in the oil market?

• To export oil exclusively to the United States

• To provide spare capacity and control the market

• To reduce oil production in Venezuela

• To produce light oil for European markets

How has Saudi Arabia managed to maintain market stability despite attacks?

• By relying on imports from neighboring countries

• By building and utilizing global oil stockpiles

• By reducing oil production drastically

• By increasing oil prices significantly

What was a significant outcome of Saudi Arabia's efficient response to oil market disruptions?

• A quick recovery of the market

• A prolonged period of high oil prices

• A decrease in global oil demand

• An increase in oil imports from Iran

What is the desired oil price range for Saudi Arabia according to the discussion?

• $40 to $50 per barrel

• $50 to $60 per barrel

• $60 to $70 per barrel

• $70 to $80 per barrel

What is a key financial goal for Saudi Arabia in relation to the Aramco IPO?

• To fund dividends without incurring debt

• To increase oil production by 50%

• To reduce oil exports to Europe

• To merge with other oil companies