NEWSWATCH: “Russia Flexes Its Soft Power Muscles; Extending output cuts deepens its role in global affairs” – Bloomberg/Julian Lee

Economy, Business, Investment, Trade, Middle East, North Africa, Oil, Gas, Energy, Saudi Arabia
File Photo of King Salman of Saudi Arabia Seated Next to Saudi Flag and Gesturing, adapted from image at defense.gov

“Oil has … [surpassed] $80 a barrel for the first time since November 2014. OPEC’s inventory target for output cuts has been met. … even though [Russian] oil companies want to turn on the taps and its finance ministry may be worried about prices rising too far, Russia won’t [end] its output deal with the group … when … participants meet in Vienna next month. … it will stand alongside its Saudi partner and continue to toe the line …. Oil Well file photo* * * Oil ministers Khalid Al-Falih and Alexander Novak … meet … later this week … [and] rising oil prices will certainly be on their agenda. … as oil prices continue to nudge $80 a barrel, don’t expect Russia to give up … political gains and lead a charge for the exit. ….”

Click here for: “Russia Flexes Its Soft Power Muscles; Extending output cuts deepens its role in global affairs” – Bloomberg/Julian Lee

[featured images are file photos from other occasions]

 

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