Vladimir Putin may relish his place at the table in Vienna but he will be tempted to cash in on rising pricesThe Organisation of Petroleum Exporting Countries (Opec) will meet this week in Vienna under a familiar pretext: to act as stewards of oil market stability. In practice, oil ministers from the world’s most powerful oil-producing nations will thrash out a deal to limit the amount of oil flowing into the global market and avoid an oil price collapse.The latest pact is expected to extend a milestone deal first struck between Opec and a Russian-led alliance of nations outside the cartel in the wake of the oil price crash. Continue reading…
Via: Opec weighs up the risks if Russia goes it alone on prices
Categories: English News