Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts

The leaders of the OPEC+ alliance, Saudi Arabia and Russia, are reportedly once again at odds over oil supply management ahead of another crucial meeting of the group next week. OPEC’s top producer and de facto leader Saudi Arabia would likely prefer the March 3-4 meetings to decide that the OPEC+ coalition holds production flat in April, Bloomberg reports. However, the key Saudi partner in the deal, Russia, will likely be pushing for further easing of the production cuts, especially Russian Deputy Prime Minister Alexander Novak said earlier…