Saudi Arabia Moves to Raise Oil Prices

“Saudi Arabia is seeking to raise oil prices at a crucial meeting in Vienna, in a move set to anger the US and aid Russia,” the Financial Times reports.

“Riyadh, Moscow and other producers are poised to announce deep cuts at a meeting of the Opec+ cartel on Wednesday.”

New York Times: “An output cut by Saudi Arabia and its allies would reinforce the growing perception that Crown Prince Mohammed bin Salman of Saudi Arabia and President Vladimir V. Putin of Russia are working closely together to manage oil markets.”