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Is The Saudi - Russia Oil Bromance Souring?


  • Prior to the meeting, Saudi Arabia had gone on record to state that the Kingdom believed that OPEC's job in rebalancing the oil market was far from over and that output cuts were necessary to continue into the second half of 2019.
  • In the past, Saudi Arabia would most likely to be able to bully its way into an OPEC consensus.
  • So while the world waits and watches for OPEC+'s next move, the market is analysing the potential impact of a strained Saudi-Russia relationship.


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