Three words sum up the recent ministerial meeting of OPEC+: Predictability, transparency, and stability.

When OPEC+ takes decisions, markets move. Many analysts were surprised that OPEC+ stayed the course at last Thursday’s ministerial meetings and continued increasing output by 400,000 bpd according to its schedule.

Saudi Aramco provided a master class of what it takes to steer a large corporation and national champion through troubled waters and what it takes to come out on the other side unscathed — even stronger in terms of market access for its future incremental barrels. 

If you live in the Middle East, you may think that the Pacific Ocean is far away. Please, think again.

All’s well that ends well: After two weeks of tussle between OPEC stalwarts and long-time allies Saudi Arabia and the UAE over whether Abu Dhabi should be permitted to increase its baseline from which production cuts are calculated, a pre-Eid grand bargain was reached.