Russia Won't Betray Its New Best Friends in OPEC: Julian Lee
- President Putin’s new relationship with Saudi is too important
- Extension should include a mechanism to taper as balance nears
OPEC's Barkindo Says Oil Rebalancing Is Finally in Sight
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Don’t be fooled by noises coming out of Russia that it could balk at taking a decision later this month to extend oil output restrictions alongside its allies in OPEC, writes Bloomberg oil strategist Julian Lee. When push comes to shove, the world’s biggest energy exporter will back a deal.
Here are the main reasons why: