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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services