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Saudi Arabia Suckered Again By Russia In OPEC+’ s Output Cut

June 19, 2023 by

The genesis of the Russia-Saudi Arabia relationship as it pertains to the transition of ‘OPEC’ to ‘OPEC+’ (the major ‘+’ in this context being Russia, of course) is core to understanding why Saudi Arabia keeps being suckered in to doing stupid things in the oil markets by Russia.

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