05.02.2016 - Russia and the Saudis: A 10-billion barrel game of oil bluff
As oil prices continue to cause market uncertainty, and with low fuel prices wreaking havoc on some countries' economies, notably Russia's, the world's top oil producer has been at the forefront of trying to figure out whether or not a production cut should be implemented in order to support and stabilize prices. An Organization of the Petroleum Exporting Countries (OPEC) delegate recently said, "It is all in the hands of the Russians now." Oil production in Russia hit a post-Soviet high in January, which means Russia is adding fuel to the oversupplied oil market fire. Russia itself is sending mixed signals as to how much it's willing to cooperate with geopolitical foes, like Saudi Arabia...............................................Full Article: Source
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