Why a Russian-Saudi Deal on Oil Output Cut Remains Elusive

  • Moscow and Riyadh repeat their entrenched positions on energy
  • Long-standing obstacles in the way of a deal remain in place

Does Saudi Arabia Still Matter to Oil Market Pricing?

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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