Wednesday, 15 November 2017

Russia Won't Betray Its New Best Friends in OPEC: Julian Lee - Bloomberg

Russia Won't Betray Its New Best Friends in OPEC: Julian Lee - Bloomberg:

"Don’t be fooled by noises coming out of Russia that it could balk at taking a decision later this month to extend oil output restrictions alongside its allies in OPEC, writes Bloomberg oil strategist Julian Lee. When push comes to shove, the world’s biggest energy exporter will back a deal. Here are the main reasons why: President Vladimir Putin won’t want to risk the political gains he’s made in the Middle East for the sake of 300,000 barrels a day of extra oil production."



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