Friday, 21 June 2019

Will Russia support OPEC?

Posted by FortFS at 07:06 Labels: , ,


Virtually no one has any doubt that the OPEC + deal will be extended. And nevertheless, the dates of the cartel meeting were postponed from June 25-27 to the beginning of July. On the postponement insisted energy ministers of Russia and Saudi Arabia. What can we infer? Indirectly, this indicates the continuation of backstage talks between Saudi Arabia and Russia on the conditions for the deal extensionand as well as the fact that the parties are not yet ready to officially announce their positions. Recall that earlier, it was Russia that gave an unequivocal messege to the whole world that joining the deal is not a goal itself, but only a friendly step towards OPEC, provided that Russia's other interests are taken into account.

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