Putin MBS
  • 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.