In this episode, Will and Ed from The Officials dive into the upcoming OPEC+ meeting and the latest quota and compliance dynamics shaping oil markets - just days ahead of Saudi Arabia’s anticipated OSP announcement.

What’s Covered:

• Why OPEC’s production cuts remain central to price stability
• The increasing tension between quota compliance and fiscal needs for producers like Iraq and Kazakhstan
• Saudi Arabia’s strategic positioning and growing frustration with non-compliant members
• How market expectations are shifting ahead of the June 5th OPEC meeting
• The likely trajectory of Saudi OSPs amid structural softening in Dubai and late-month pricing dynamics
• The evolving Brent/Dubai differential and what it signals for Atlantic Basin and Middle East grades
• The ripple effects of China’s tariffs on WTI, and the emerging demand from India and Korea

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