OPEC Plus, including Russia, is deliberately maintaining lower oil prices as a strategic choice to demonstrate to consumers and competitors that oil suppliers won't exploit geopolitical crises for price gains, remain the reliable and affordable supplier of first resort, and show China (a major importer) that OPEC won't hurt them during trade negotiations.
causalpending
Speaker
Daniel LayEvidence Quote
“The strategy from OPEC plus and from Saudi Arabia in particular is to remain the global central bank of oil and to maintain their position as the supplier of first resort and also as the most reliable and affordable supplier [20:59]”
Created: 8/11/2026, 7:39:51 AM
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