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Thursday, May 30, 2024

Saudi decision for upcoming OPEC+ meeting despite U.S. far-fetched requestsnote

KSA
Energy, Oil and GasKSA-USA RelationsOPEC +

OPEC+ members are set to meet on 2/6/2024 to review production policies and market outlooks.

Saudi Minister of Energy Prince Abdulaziz Bin Salman (ABS) believes that the meeting will discuss several issues related to market demand and oil production quotas for some members.

This note focuses on the following issues:

- Saudi expectations from the upcoming meeting

- ABS views on market outlook

- The U.S. requests

- ABS reaction to U.S. requests

- Quota revisions for some members

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