Monday, November 21, 2016

Russia, Saudi Arabia On Shaky Common Ground -- Zeits -- November 21, 2016

From SeekingAlpha:
  • President Putin this morning re-iterated Russia’s position in the production control negotiations
  • While Russia’s “bid” falls far short of Saudi Arabia’s “ask,” Russia may win this negotiating round
  • However, to achieve a durable oil price response, OPEC and Russia need to achieve market re-balancing in substance, not just before the media
  • Saudi Arabia has significant negotiating power, as its sponsorship for the production pact is vital for Russia's and other producers' export revenues
NOAA "Re-Adjusts" Temperature Data (Again)

Link here

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