I read they are buying Russian oil so they can export theirs. Buy cheap and sell to us at a large profit.
That would not surprise me one bit. They recognize an easy mark when they see it, and they see Biden is uber vulnerable over oil prices. I don’t know if there are any pipelines through which Russian or Azerbaijani oil can be shipped to KSA (why would there be?) but they’ll transfer oil by ship if necessary and grab a $20 a barrel margin if it makes Joey feel good.