In this episode, Will and Ed from The Officials dive into the upcoming OPEC+ meeting and the latest quota and compliance dynamics shaping oil markets - just days ahead of Saudi Arabia’s anticipated OSP announcement.

What’s Covered:

Why OPEC’s production cuts remain central to price stability
The increasing tension between quota compliance and fiscal needs for producers like Iraq and Kazakhstan
Saudi Arabia’s strategic positioning and growing frustration with non-compliant members
How market expectations are shifting ahead of the June 5th OPEC meeting
The likely trajectory of Saudi OSPs amid structural softening in Dubai and late-month pricing dynamics
The evolving Brent/Dubai differential and what it signals for Atlantic Basin and Middle East grades
The ripple effects of China’s tariffs on WTI, and the emerging demand from India and Korea

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OPEC Cuts Explained: Fact vs. Fiction in the Oil Market

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