Tag Archives: Alliance

OPEC+ Talks Collapse Threatening Russia-Saudi Oil Alliance

March 6, 2020 World Comments Off on OPEC+ Talks Collapse Threatening Russia-Saudi Oil Alliance

OPEC+ Talks Collapse Threatening Russia-Saudi Oil Alliance

(Bloomberg) — OPEC+ talks ended in dramatic failure, auguring the end of a diplomatic alliance between Saudi Arabia and Russia that has underpinned crude prices and changed the balance of power in the Middle East. Oil fell more than 9% after Russia refused to bend to the will of Saudi …

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