Photographer: Andrey Rudakov/Bloomberg

Here's What Happened Last Time OPEC and Russia Did a Deal: Chart

When Saudi Arabian Oil Minister Ali al-Naimi lamented in February that OPEC didn’t trust non-members to join in production cuts, should they be agreed, he was speaking from experience. The last time the Organization of Petroleum Exporting Countries struck a deal with its rivals was in late 2001, when Russia, Mexico, Oman, Angola and Norway promised to cut supply by 500,000 barrels a day. Yet by the middle of the following year, the only production declines were in Mexico and Norway -- neither of whom have said they’ll attend this weekend’s talks in Doha on an output freeze.

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