Russia, Opec deal unlikely on oil prices | GulfNews.com:
"An agreement between Russia and Opec (Organisation of the Petroleum Exporting Countries) on reducing oil production looks unlikely despite positive overtures from Russia’s Foreign Minister in Abu Dhabi yesterday.
According to analysts, reaching any agreement between Opec and non-members could be very challenging and difficult.
“I remain sceptical on solid action in terms of any agreement on reduced production. There won’t be any change on that at that moment,” said Edward Bell, a commodity analyst at Emirates NBD told Gulf News over phone."
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