Tuesday, 2 July 2019

#Saudi-Russian Fling Becomes Marriage With Oil Deal to `Eternity' - Bloomberg

Saudi-Russian Fling Becomes Marriage With Oil Deal to `Eternity' - Bloomberg:

It was supposed to be a six-month fling, but Saudi Arabia and Russia have instead signed up for eternity.

Complete with poem and celebratory badges, Moscow and Riyadh led two dozen countries in signing a charter to formalize the OPEC+ group that for the past 2 1/2 years has coordinated supply to prop up the price of oil. 


OPEC Secretary General Mohammad Barkindo compared the pact to a “Catholic marriage,” saying it would last for “eternity.”

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