Tag Archives: Saudi Arabia’s crude U-turn

SAUDI ARABIA, the kingpin of the Organisation of the Petroleum Exporting Countries (Opec), has taken a complete “U-turn”. Until recently the kingdom was insisting that there was no possibility of any unilateral output cut by Riyadh until other major players including Russia in the extended Opec+ agree to a coordinated, combined move, with everyone contributing. For the last number of …

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