Why a Russian-Saudi Deal on Oil Output Cut Remains ElusiveBy
Moscow and Riyadh repeat their entrenched positions on energy
Long-standing obstacles in the way of a deal remain in place
With oil trading near $30 a barrel, calls for orchestrated output cuts to quell global oversupply have intensified this week. Trouble is, none of the world’s largest producers, most notably Russia and Saudi Arabia, have shown they’re ready to make a move.
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