Has Saudi Arabia’s Relationship With Russia Reached Its Limits? ...Middle East

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Has Saudi Arabia’s Relationship With Russia Reached Its Limits?
source : OILPRICE ( Middle East ) () 20
To many dedicated oil market watchers, last week’s decision by ‘OPEC+’ (the Saudi Arabia-led OPEC group of countries ‘plus’ Russia) to stick to its previously agreed oil production cuts quota of 2 million barrels per day (bpd) was made regardless of ongoing concerns in the West that energy prices remain at levels that keep fuelling inflation, pushing interest rates higher and catalysing economic slowdowns. It is true that in recent months, these cuts have allowed the Brent oil benchmark to consistently trade around…

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