Russia’s Missing Oil Cut Should Worry OPEC+ Allies

Dec 22, 2023

Moscow will continue to pretend it has reduced supply, but the fiction may become harder to maintain.

Russian President Vladimir Putin opens a pipeline throttle in the far eastern region of Amur.

Photo: ALEXEY DRUZHININ/RIA NOVOSTI/AFP via Getty Images

Julian Lee

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Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Oil Strategist Julian Lee examines the tensions growing (again) between Russia and Saudi Arabia over output cuts. To get this newsletter sent straight to your inbox, you can sign up here.

Russia needs to show OPEC+ partners that it's slashing oil output as promised or risk sparking a dustup like it did in 2020. Neither side wants another free-for-all.