Saudi Arabia And Russia Both Want $100 Oil

OPEC+ heavyweights Saudi Arabia and Russia, with their +11 million bpd quotas, are looking at $100 oil as a fair price good for all, anonymous Reuters sources familiar with both Russian and Saudi Arabian government thinking said. Russia and Saudi Arabia, who together make up more than half of OPEC+'s total quota, are widely considered the leaders of the OPEC+ group, and a $100 preference could lead to an active defense of this desired floor price. OPEC has long decried the accusation that it targets specific oil prices—rather, as OPEC says,…