During the 38th joint ministerial OPEC+ meeting on 5/12/2024, members agreed to postpone planned production increases until April 2025 and extend production cuts until December 2026.
Saudi Crown Prince Mohammad Bin Salman (MBS) believes that the decision is based on the Saudi vision to protect its economic interests. However, several issues surfaced from the OPEC+ decision.
This note delves into MBS views on OPEC+ decision and on how he intends to deal with the effects of President-elect Donald Trump’s policy to ramp up U.S. oil production.
