Saudis’ careful generosity maintains Opec+ good cheer

摘要

The holiday season is over, but the gifts keep on coming. Two days of sometimes difcult talks between Opec+ producers on 4-5 January ended with Opec’s de facto leader, Saudi Arabia, agreeing to a voluntary and unilateral additional 1mn b/d out- put cut in February and March, while simultaneously accommodating Russian and Kazakh resistance to an output rollover supported by the rest of the group.