OPEC Has a New Best Friend: Russia

When the Organization of the Petroleum Exporting Countries met in Vienna in December, it was in danger of imploding.

Oil prices had plunged. Member states Iran, Venezuela and Libya were refusing to cut production. Qatar had quit. And U.S. President Donald Trump was pressuring Saudi Arabia to keep prices low.

Russian budget based at $40 to $ 50 per barrel. But Saudi budget based at $75 to $80.

Big problem began since Winter games 2014. So why()space -but never any yield- start new step of arms race Pravitelstvo_RF BBCNewsAsia armenia AstanaTeam amb_tashkent turkmenistannow bishkek_kp_ru tajikistant ErevanskiEnt TbiLisy BakuCity EUBelarus 5belarusby KievUA

THAT IS SCARY....RUSSIA AND OPEC

FarEasterner afl13063 JimJatras

I see Goofy and Dumbo, but where is Donald

Thanks to trump

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Russia, OPEC may ditch oil deal to fight for market share: Russian ministerRussia and OPEC may decide to boost production to fight for market share with th... Oil brent price will be 15 US dollar, Soviet Union hurry go to Abyss Sweet, cheaper gas again. US would have no compunction walking away from a bad deal and they are out of order as far as OPEC members are concerned. It is also quite possible they want out of the deal looking at how they behave.
Source: Reuters - 🏆 2. / 97 Read more »