Al Majalla outlines the main factors behind Saudi Arabia and Russia's decision to cut oil production and how this could impact the upcoming US elections

Oil reserves in Sudan and South Sudan remain underutilised, largely due to war. Meanwhile, lack of stability has curbed potential foreign investment in East Africa's oil fields.

Saudi Arabia's first-quarter budget figures reflect a steadily diversifying the economy, reducing reliance on oil as the country's main source of income, and boosting opportunities the private sector

With more than 15 million Syrians in need of aid an agreement to resurrect oil production may be the answer with Libya setting the precedent

The decision to reduce production to 3.6 million barrels per day is the largest oil cut since the pandemic

While Libya has an abundance of oil it is politically and strategically divided and lacks economic and human capital

It will take time not legislation to reduce Kuwait's foreign labour force dependence