Variable Import Fee.
I like it as it is solely up to OPEC whether they want themselves to be profitable.
Consumer happy with say $50 (including $20 VIF at around $30 WTI) so consumer really pays $30
Makes US onshore a huge potential storer and with very scalable domestic consumption.
MbS pays for it or backpedals.
not sure if this news is true, but MbS can't be winning friends...
https://www.aljazeera.com/news/2020/03/rockets-intercepted-saudi-capital-riyadh-jazan-report-200328212702883.html
