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Wednesday, December 25, 2024 | 11:33 AM ISTEN Hindi

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Opec-plus-oil deal wobbles as Saudi exceeds output cut goals, Russia lags

Saudi Arabia's planned output cut will leave production in March at its lowest in more than four years, while Russia's remains near its record high

oil, fuel
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For every $1 increase in crude oil prices, the impact on the current account deficit (CAD) is likely to be $1 billion

Julian Lee | Bloomberg
Saudi Arabia is bearing a greater burden for production cuts, while Russia is nowhere near the reductions it promised. That arrangement can’t last.

I know a little bit about standing on one leg; my daughter has encouraged me to learn to water ski. It’s not easy at my age, in England, in winter. OK, I’m actually on two legs, but they are on one ski. I tend to wobble a lot and to fall over much more than I would like. It sort of reminds me of the current state of the OPEC+ oil deal that was updated in December. That

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