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The modest supply boost may ease tight markets. But it leaves unanswered the question of whether the U.S. can turn Saudi Arabia into an ally in its campaign to economically isolate Russia.
A modest supply boost may ease tight markets, but the question remains whether the US can ally with Saudi Arabia to isolate Russia economically.
OPEC+ agreed to open its oil taps faster in the summer months, a gesture of reconciliation to the US that nevertheless keeps Russia at the heart of the car...
OPEC has pledged to increase oil production in July and August, in a move that has won support from the US and Russia.
OPEC+ agreed to increase the size of its oil-supply hikes by about 50%, in a deal that kept Russia at the heart of the cartel while also heeding pressure from major consumers including the US.