Saudi Arabia Looks To Sidestep OPEC+ Output Cuts With Dark Inventory ...Middle East

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Happily for Saudi Arabia, it does not take a genius to work out that persuading its OPEC+ brothers to cut their oil production to ramp up prices and then quietly selling additional oil over and above its official quota is a major money spinner. “Saudi Arabia has a long history of doing this, so it’s no surprise that it’s looking to increase its oil sales through extra production from the PNZ [Partitioned Neutral Zone shared with Kuwait], particularly as the area’s so off the radar, and Russia has been doing the same with…

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Last updated : 02 August 2023 clock 02:05 AM

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Saudi Arabia Looks To Sidestep OPEC+ Output Cuts With Dark Inventory ...Middle East

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