OPEC Deal or No Deal? This is Not the Question
This comment argues that while Saudi Arabia has shown willingness to cooperate, this does not imply that the fundamentals of Saudi oil policy have necessarily changed nor that the kingdom would accept any deal irrespective of the key principles that have been guiding Saudi oil policy so far. Based on its historical record, it is possible to identify four such fundamental principles, which need to be upheld for the success of the negotiations in the OPEC November meeting. ….