Oil: OPEC and Russia deadlocked in the face of soaring prices

Oil: OPEC and Russia deadlocked in the face of soaring prices
Oil: OPEC and Russia deadlocked in the face of soaring prices

Posted on Jul 3, 2021 at 8:06 amUpdated Jul 3, 2021, 8:56 AM

Consensus is very difficult to find. On Friday evening, the thirteen OPEC countries and their ten Russian-led allies parted ways without reaching an agreement on their production quotas. A first videoconference meeting had already failed Thursday.

The alliance hopes to reach an agreement at a new summit scheduled for Monday, but this week’s double failure shows how complicated it has become to get everyone to agree in a context of soaring prices.

Source

Oil OPEC Russia deadlocked face soaring prices

 
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