The New Russia-Saudi Partnership Has Riyadh’s US Ally Over a Barrel

The New Russia-Saudi Partnership Has Riyadh’s US Ally Over a Barrel

Oil realities in 2018  Donald Trump has Tweeted about a phone call to Saudi Arabia’s King Salman where the elderly monarch is said to have agreed to increase the production of oil to 2 million barrels per day so as to lower fuel prices in the United States, the world’s second largest energy consumer. https://twitter.com/realDonaldTrump/status/1013023608040513537…

How the Iran Sanctions Drama Intersects with OPEC-Plus

How the Iran Sanctions Drama Intersects with OPEC-Plus

History may have registered stranger geoeconomic bedfellows. But in the current OPEC-plus world, the rules of the game are now de facto controlled by OPEC powerhouse Saudi Arabia in concert with non-OPEC Russia. Russia may even join OPEC as an associate member. There’s a key clause in the bilateral Riyadh-Moscow agreement stipulating that joint interventions…