Win-win situation: A man walks under an Aramco billboard in Jeddah. The kingdom would likely attach conditions to any changes to the Opec pact as it seeks to improve its strained partnership with the United States and comprehensive assurances on regional security. — AP
LONDON: To the many reverberations from Russia’s invasion of Ukraine, another might be an early end to the Organisation of the Petroleum Exporting Countries and its allies (Opec+) oil supply pact.
The 23-nation alliance, led by Saudi Arabia and Russia, is due to finish restoring production halted during the pandemic by the end of September.
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