OPEC+’s new compensatory cuts appear to a sign of the larger Gulf states seeking to regain market share from the group’s overproducers. But a renewed fall in oil prices could derail these plans. Meanwhile, talks between Saudi and the US over a partnership in the Kingdom’s civilian nuclear programme suggest that the Kingdom moving closer to the US geopolitically. Finally, the announcement of a new investment by Qatar in Egypt should help to ease persistent external strains and potentially reinvigorate the long-stalled privatisation drive.
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