03.02.2016 - Oil price crash: Markets slump as Opec resists Russian calls for emergency meeting
Moscow's foreign minister says Russia is ready to talk as country's oil production reaches post-Cold War era high. Divisions between the world's major oil producers were laid bare on Tuesday as markets dismissed the prospect of an emergency Opec meeting to cut production levels. Forward contracts for Brent crude fell by as much as 4.5pc to $32.70 a barrel, despite comments from Russia's foreign minister that Moscow was ready to "cooperate" with its rivals to halt an 18-month price rout...............................................Full Article: Source
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