Saudi Arabia digs its heels in at Doha

Saudi Arabia’s insistence that Iran agree to freeze oil production scuppered any chance of a deal in Doha at the weekend and suggests that the Kingdom is in no mood to abandon its oil market strategy. And with this coming alongside the latest comments by Deputy Crown Prince Mohammed bin Salman, we remain comfortable with our view that the Saudi authorities will continue down the path of fiscal consolidation to make the adjustment to low oil prices.

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