This weekend’s OPEC+ meeting could be a stick or twist moment with markets increasingly believing the group will roll over its quotas and voluntary cuts again. If quotas are extended, that risks ratcheting up tensions between members, particularly the UAE. Elsewhere, Egypt’s government has adjusted its bread subsidy for the first time in decades and, while small in size, reiterates the strong political stance on keeping fiscal policy tight amid the broader orthodox policymaking shift.
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