Skip to content

Subscriber Only

David Fickling

A Five-Decade Rivalry Is Playing Out at OPEC+

Russia has Saudi Arabia right where it wants, as a battle for supremacy in global oil markets unfolds.

Who’s leading this Viennese waltz? — Who’s leading this Viennese waltz?
Photographer: Stefan Wermuth/Bloomberg

By

February 7, 2020, 6:01 AM UTC

Revenge, they say, is a dish best served cold.

That seems to be the view of the Russian government, as it contemplates how to respond to pleas that it join Saudi Arabia and other OPEC members in cutting oil production. Many expect the coronavirus outbreak to trigger a demand slump.