Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often calling foes – Wall Street oil analysts and journalists alike - “musketeers.” I’m also a fan of the French novelist; but rather than D’Artagnan, I prefer The Count of Monte Cristo. Which brings me to my favorite Dumas’ quote, apposite for describing the Saudi oil strategy going into 2024:

Last month, the Saudis rolled over their unilateral oil production cuts into the New Year, and convinced a few others inside the OPEC cartel to cut output further. Now, they wait and hope.

QOSHE - OPEC+ Enters 2024 With `Wait and Hope’ as Its Strategy - Javier Blas
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OPEC+ Enters 2024 With `Wait and Hope’ as Its Strategy

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19.12.2023

Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often calling foes – Wall Street oil analysts and........

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