Payment Card information

Cardholder Name

Card Number

Expiry Month

Expiry Year



Are you seeking a comprehensive overview of the latest developments?

Explore Subscriptions >>

Related Topics

Browse all published reports >>

Tuesday, November 28, 2023

Saudi discontent with Iran’s defiant oil production and action plannote

Saudi Arabia and Russia have recently extended their voluntary oil cuts to keep oil prices above the $80 mark and control oil markets.

However, Iran's increase in oil exports at discounted prices is not helping the Kingdom's case.

On the sidelines of the Arab-Islamic emergency summit in Riyadh on 11/11/2023, Saudi Crown Prince Mohammad Bin Salman (MBS) met with Iranian President Ebrahim Raisi, and discussed, among other matters, cooperation under OPEC+ and oil markets stability.

This note provides a comprehensive overview of the following aspects:

- MBS’ concerns over Iran’s lack of transparency regarding its daily production level

- His action plan if Iran does not comply with its production quotas

The note also highlights the contacts between Saudi Minister of Energy Prince Abdulaziz Bin Salman and Iranian Minister of Petroleum Javad Owji to resolve the situation. 


Join our community to receive regular updates on the latest developments in the region and stay ahead of the curve. Know More