Why are Saudi Arabia & Russia still cutting oil production? | Inside Story

The price of oil affects nearly everyone in terms of living costs and how much we pay for things like food and basic goods.
That’s why the decision by Saudi Arabia and Russia to keep in place oil production cuts is being felt globally.
Both nations have their own domestic reasons for their decisions.
But how much are geopolitics influencing Moscow and Riyadh’s oil policy?
Or is it simply economics and business?

Presenter: Laura Kyle

Guests:

Cornelia Meyer – CEO, Meyer Resources consultancy.

Chris Weafer – CEO, Macro-Advisory strategic business firm.

Andrew Lipow – President, Lipow Oil Associates

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