The Saudis blinked. The latest deal — an agreement with Russia to cap oil output at January levels if they are joined by other large producers — will not rebalance the oil market immediately. The surge in prices last week was premature. But they blinked and that is all important. The myth of Saudi power is broken.
沙烏地人「眨眼」了。最新的協議——與俄羅斯談妥，如果其他產油大國配合，將把石油產量凍結在1月水準——將不會立即實現石油市場的再平衡。上週的油價飆升來得太早了。但他們眨眼了，那是極其重要的。沙烏地實力的神話被打破了。
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