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Julian Lee

Saudi's OPEC Love-In Has Limits

OPEC allies are valued, but high-cost producers are still the target

Why is Saudi Arabia even prepared to discuss supply restraint?

A second meeting has been pencilled in by the kingdom, Russia, Venezuela, Qatar and an unspecified group of oil producers (OPEC and non-OPEC) to talk again about the proposed output freeze, according to Nigerian petroleum minister Emmanuel Kachikwu. But no-one should read this as a sudden outbreak of altruism in Riyadh.