- 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.
No comments:
Post a Comment