How Trudeau helps the Saudis’ scheme to sideline Canadian oil

With the pain of rock-bottom oil prices leaving producers increasingly desperate, Saudi Arabia this week agreed in principle with Russia, to freeze oil output at January levels ― essentially paying lip service to the notion of price stabilization, given that January’s oil output was near a record high. Riyadh’s tepidness towards shoring up oil prices raises a question: Why are the Saudis — long the champion of higher oil prices — content to continue the trend of plentiful, cheap oil exports?

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