MOSCOW – Russian Energy Minister Alexander Novak has reportedly decided to snub the meeting of the Organization of Petroleum Exporting Countries (OPEC) on June 2.

Earlier this year a proposed deal pushed by Russia and some OPEC members to freeze oil output to support prices collapsed at the Doha meeting. But Chris Weafer, senior partner at Macro-Advisory in Moscow told New Europe on May 29 that Russia had only one objective when it first suggested the production freeze idea; to add some specu...


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