Skip to content

OPEC+ Silence on Russia War Deepens Rift With Consuming Nations

  • IEA head Birol calls group’s inaction ‘disappointing’
  • Relations with oil producer group had already frayed
This Is Where Saudi Arabia Gets Its Oil

Photographer: Simon Dawson/Bloomberg

As the OPEC+ coalition tries to ignore an oil shock unleashed by one of its leading members, relations with consumers are deteriorating.

The 23-nation group led by Saudi Arabia faced a yawning gap in supplies when it gathered on Wednesday, as the market shuns supplies from member nation Russia. The International Energy Agency had already tried to calm the rally by deploying emergency stockpiles, to little avail. Yet Riyadh and its partners offered nothing new to slow oil’s surge toward $120 a barrel, wrapping up their meeting in just 13 minutes.