OPEC and Russia Outline Vision for Permanent Oil Alliance
Russian Economy Minister Says OPEC Deal Is Working
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OPEC and Russia added more detail to their vision for a permanent alliance between oil producers currently working to clear a global surplus.
When the 24-nation coalition agreed last week to persevere with output cuts until March, officials from the Organization of Petroleum Exporting Countries and Russia spoke of continuing to co-operate beyond that point. OPEC Secretary-General Mohammad Barkindo and Russian Energy Minister Alexander Novak said in Moscow on Wednesday they’re considering how to formalize the partnership.