Saudi-Russia Oil Alliance Shows Signs of Strain
- Planned April talks likely to be canceled at Russia’s request
- Saudis previously favored agreeing cuts extension next month
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The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts.
The unusual recommendation to cancel next month’s scheduled meeting means the group probably won’t decide whether to prolong its supply curbs until late June, just days before they expire.