As Oil Price Gyrates, Saudis and Russia Uncertain of Response
- OPEC+ has just weeks to decide whether to extend output cuts
- Russia is happy at lower oil prices than Saudis, says Putin
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Oil prices are slumping and surging from one day to the next, and the two most powerful members of the OPEC+ coalition are yet to come up with a unified response.
Russian Energy Minister Alexander Novak and his Saudi counterpart Khalid Al-Falih met on Thursday in St. Petersburg, but the two architects of the production-cuts deal showed no sign of resolving their differences.