The Duran – News in Review – Episode 150.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss OPEC Plus and the growing partnership between Russia and Saudi Arabia, which aims to reshape the energy market, and cement Russi…
The Duran – News in Review – Episode 150.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss OPEC Plus and the growing partnership between Russia and Saudi Arabia, which aims to reshape the energy market, and cement Russia's leadership role in global oil and gas supply.
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The Express UK reports (https://www.express.co.uk/news/world/1044317/oil-news-russia-saudi-arabia-long-term-relationship-saudis-oil-price-u-turn-iran-us) that Russia and Saudi Arabia's 'long-term relationship' will not only survive, but grow, regardless of geopolitical turmoil and internal Saudi scandal...as the energy interests between both nations bind them together.
Ties between Saudi Arabia and Vladimir Putin’s Russia have a “long-term relationship” which is strategically beneficial to both of them, and which underlines their position as the world’s most influential oil producers, alongside the United States, an industry expert has said.
Following concerns about too much oil flooding the market, Saudi Arabia on Sunday performed an abrupt u-turn by deciding to reduce production by half a million barrels a day from December.
This put the Middle Eastern country at odds with Russia, which said it was no clear whether the market would be oversupplied next year, with market analysts predicting the country’s oil producing companies likely to BOOST proaction by 30..
