Moscow drags its feet on oil cuts commitment:
"The fragile alliance between the world’s two largest crude oil producers faces its first big test, with Saudi Arabia still waiting on a clear commitment from Russia to back an extension of output cuts throughout 2018.
The two oil superpowers, which came together last year to reverse tumbling oil prices, have appeared unable to finalise a deal in the run-up to Opec’s meeting on Thursday, which brings together countries both inside and outside the cartel that together pump over half the world’s crude.
While inching closer, Moscow is dragging its feet over signing up for all of next year, sparking talk that a partnership that has underpinned oil markets for the past year could be under strain."
'via Blog this'
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