Continued oil price volatity remain a major challenge for Saudi Arabia ( The produvtion of oil by import countries such as The United State has made oil prices unstable)
a
Research reveals that oil sector continue to be a major economic driver in Saudi Arabia amid interest to diversify the economy and invest in green energy. ( Saudi Arabia want to venture into solar and wind energy to reduce overrelinace on oil )
The increase in shale and oil gas production in the United states continue to negatively affect the energy and economic demand in Saudi Arabia ( United states oil production has reduced the deamd for Saudi Arabia oil)
Saudi Arabi has a long-term supply sharing strategies that remain resilient to short-term price volatility. ( However,Saudi Arabia need to invest in renewable energy and diversify the economy to achieve longterm resilience)