Saudi Arabia has put all of its eggs in Vladimir Putin’s basket, allowing the Russian president to decide the course of the OPEC+ alliance’s production policy and, indeed, whether their oil market partnership will endure. Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC on Thursday announced a plan to slash another 1 million b/d of its own crude oil production and to ask Russia and nine other non-OPEC countries to cut 500,000 b/d of their output through the end of the year, to combat the demand destruction caused by the coronavirus epidemic. The deal and its total 1.5 million b/d in new supply curbs — on top of the coalition’s existing 1.7 million b/d cuts […]