Saudi-Russia Tensions Growing Ahead Of Key OPEC+ Meeting

Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy.  Riyadh has grown increasingly frustrated with Russia, which apparently hasn’t kept its end of the deal and isn’t reducing oil production as pledged, complicating the Saudi efforts to lift oil prices to at least the Kingdom’s oil price breakeven level of $81 per barrel.    So, officials from Saudi Arabia have expressed their frustration with Russia and have asked Russian…