Opec+ cuts bring political tensions out into the open

Issue 1156 - 09 Oct 2022 | 6 minute read

Tempers are fraying over the early-October decision by members of the Organisation of the Petroleum Exporting Countries and their allies in the Opec+ group to cut oil production. The most prominent members, Russia and Saudi Arabia, remain in a cosy alliance and western efforts to drive a wedge between Moscow and the Gulf countries have yet to show any returns. Riyadh and Abu Dhabi seem unfazed by any possible reputational risks, while they continue to sweat the global economy for revenues.

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