The Conversation (0)
Russia Says It’s Willing to Avoid Oil Cuts, Just Like Saudi Arabia
Nov. 21, 2014 03:09PM PST
Resource InvestingRussia has said it is willing to work with Saudi Arabia to correct any possible manipulation of the current oil market.
Russia has said it is willing to work with Saudi Arabia to correct any possible manipulation of the current oil market.
According to Bloomberg:
Saudi Arabia and Russia, which together produce 25 percent of global oil, agreed the market “must be free of attempts to influence it for political and geopolitical reasons,” Russian Foreign Minister Sergei Lavrov said after the talks today. Where supply and demand are “artificially distorted,” oil exporters “have a right to take measures to correct these non-objective factors.”