
An oil tanker on Dec. 11, 2019, at the port of Ras al-Khair, Saudi Arabia.
What We're Tracking The next round of recently restarted exploratory talks between Turkey and Greece. The recent deployment of the Cesme exploratory vessel into the Aegean Sea and the ongoing Blue Homeland Turkish naval drill has strained Turkish-Greek relations anew after they had eased somewhat following the restart of talks after a lengthy hiatus on Jan. 25. The next round of talks is scheduled for March 3. The risk of overt military conflict between the two geopolitical rivals is low, but the risk of sporadic naval flare-ups and skirmishes is high if Greece views Turkish actions as incursions into Greek territory and sovereignty. OPEC+ holds its first meetings since oil prices rallied substantially in February. With prices peaking above $67 per barrel last week, the group meets March 3-4 to discuss the bloc's output quotas for the month of April.