After pumping up prices at Doha, Russia snubs OPEC


Russian Energy Minister Alexander Novak reportedly said he would not attend the meeting of OPEC on June 2.

Moscow has producers over a barrel, Saudi move key

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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