Oil Markets Revolt Against Putin’s Strong-Arming

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September 13, 20169 yr

‎Russia’s president says big oil nations – including Saudi Arabia – should freeze production to boost prices.

The Saudis promised closer co-operation, but ruled out production cuts for now. President Putin must have known he would get the brush-off. This isn’t really about the oil price. It’s about politics, and Russia buying influence in the Gulf.

‎In an already busy schedule, crammed with interfering in the USA presidential election and invading the territory of his neighbours, Russia’s strong-man president Vladimir Putin has found time to fix the oil industry’s problem.

http://www.offshorepost.com/analysis/oil-markets-revolt-putins-strong-arming/?utm_source=Offshore+Post&utm_campaign=443dac5213-Analysis+Declan+Tuesday+Sep+13+2016&utm_medium=email&utm_term=0_d0509d2a93-443dac5213-268412977

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