Saudi Arabia’s push for a fresh round of oil output cuts isn’t a done deal and a sustained unilateral cut is unlikely. Even so, it adds to the evidence of a more erratic approach to oil policy under Crown Prince Mohammed bin Salman. And while there could be a boost to the economy from looser fiscal policy, on balance a decision to reduce oil output poses a downside risk to our GDP growth forecasts.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.