OPEC+ announced on 3/5/2025 a decision to increase oil production by 411,000 barrels per day in June, despite falling prices and weakening global demand forecasts.
Saudi Crown Prince Mohammad Bin Salman (MBS) is strategically increasing production to capture market share while maintaining a delicate balance between the U.S. and Russia, avoiding the pitfalls of previous price wars.
This report delves into the key factors behind OPEC+’s decision, including:
- Saudi Arabia’s strategic positioning between Washington and Moscow
- The growing tensions within OPEC+ and the risk of fragmentation
- Saudi Arabia’s fiscal stability and the implications of Vision 2030
