: :inin Kyiv (EET)

Under pressure from Trump, OPEC embraces Putin


When Vladimir Putin announced at the weekend that OPEC would extend oil production cuts, broadcasting a deal before the group had even met to approve it, the move angered some member nations, Reuters reports.They were dismayed at the leading role non-OPEC Russia, once seen as an enemy in oil markets, was playing in shaping the group’s policies.But reality soon set in, and the acceptance that Moscow could help OPEC in its goal of propping up oil prices at a time when it is facing intensifying heat on another front: from US President Donald Trump.Trump is putting unprecedented pressure on OPEC …read more

Source: Middle East Monitor

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