For months, Russia has told OPEC its preferred option in any eventual oil-supply deal was to freeze production, rather than to cut it. Saudi Arabia, the bloc’s most powerful member, is beginning to think Moscow actually means it. While Russia talked about a freeze, Riyadh privately expected Moscow would eventually join a cut if the Organization of Petroleum Exporting Countries delivered its own reduction, according to people briefed on Saudi thinking, who asked not to be named because of the sensitive nature of the talks. Saudi Arabia is adamant Russia must reduce supply if the plan to ease a global glut is to succeed. Just one week before OPEC’s ministerial meeting in Vienna, that prospect seems less likely. The two views are set to clash on Nov. 28 in talks between OPEC and non-OPEC nations. The outcome may decide whether there […]