Saudi Oil Strategy U-Turn Still Doesn’t Have an Endgame
Is the kingdom pushing for more output to punish OPEC+ cheaters, or is it trying to mollify the US president before his upcoming visit?
Saudi Aramco’s oil refinery and terminal in Ras Tanura, Saudi Arabia.
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Welcome to our guide to the commodities markets powering the global economy. Today, OPEC reporter Grant Smith discusses what really may be motivating Saudi Arabia’s push for more oil production.
Saudi Arabia has telegraphed it’s all in on a historic shift to sink oil prices. But how it will play out remains deeply uncertain.