- Oil market is balanced but there are lots of uncertainties
- Important to continue joint work at OPEC+ to avoid collapse on oil market
- Russian oil output is back to January levels
- I believe price discount for Russian oil will decline
- We will see global oil demand restoring to pre-pandemic level by the year-end
MBS is one of the youngest global leaders but he's playing the soft-power game perfectly at the moment as he balances relationships with Russia and the US.