The OPEC Powers Are Forming New Alliances

Oil might be a source of power, but trying to control its price is a  politically hazardous business. Led by the odd pairing of the Saudi Crown Prince, Mohammad Bin Salman (MBS), and Vladimir Putin, the Opec Plus oil producers’ cartel exists to maintain a price floor for its fractious members in an energy environment where oil prices have crashed three times over the past two decades.

 

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