Tag: OPEC

Saudi Arabia and Russia Have Now Teamed Up in OPEC+

Saudi Arabia and Russia Have Now Teamed Up in OPEC+

Saudi Arabia’s response to the market threat posed by US shale was to broker a partnership with Russia in 2016. Six years later, that partnership is working very well, allowing the Saudis to exert geopolitical influence while shrugging off demands from the Biden White House.

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