Market brief · Economy & rates

Where Is OPEC+? Riyadh and Moscow’s Silence Is Becoming Deafening

“The roar of the engines does not herald true dominance, but the absolute silence that precedes the strike." “Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt." The last decades of silence from the world’s leading oil group, OPEC, or its derivative, OPEC+, were always linked to the above-mentioned military strategic statements. However, that is no longer the case: an OPEC+ meeting now moves oil prices before ministers even enter the room. A carefully placed Saudi comment, a Russian signal,…