From Moscowtimes.ru: Deputy Prime Minister Igor Sechin sought to assure OPEC on Sunday that Russia was doing its part in reducing global crude supply and proposed an overhaul of the market to rid it of financial speculators.
OPEC said Sunday that it would keep existing output levels unchanged but would seek to eliminate overproduction by some members. The decision comes after global crude prices stabilized from their free fall to just above $40 a barrel in the wake of the cartel's steep production curbs that started in January..... Full Article: Source
|