Analysts don’t expect Saudi Arabia and its allies to make a major policy decision at this weekend’s meeting of oil- producing nations, but the Saudis face another challenge: appeasing President Donald Trump while keeping the kingdom’s vision for a grand alliance of crude producers on track.
Trump wants the Saudis to boost output to prevent oil prices from spiking as his administration restores sanctions on Iran, OPEC’s third biggest producer and Riyadh’s chief regional rival. If Saudi Arabia had any doubts about Trump’s expectations, the president reminded OPEC in an early morning tweet on Thursday.
