Saudi commitment to OPEC+ to be maintained

This comes as there is no current plan by OPEC+ to change course at the March 2022 meeting which will be held today (2/3/2022) in Vienna, regardless of the rallying of crude prices over $100 per barrel.

The U.S. would like to see OPEC+ increase output more quickly than it has been doing since August 2021, but Riyadh has so far resisted U.S. calls.

Tactical Report has prepared a 412-word report to shed more light on the Saudi position.