Russia, OPEC could ditch oil deal to fight U.S. for market share: Russian minister
FILE PHOTO: Russian Finance Minister Anton Siluanov attends a session during the Week of Russian Business, organised by the Russian Union of Industrialists and Entrepreneurs in Moscow, Russia March 14, 2019. REUTERS/Maxim Shemetov
“There is a dilemma. What should we do with OPEC: should we lose the market, which is being occupied by the Americans, or quit the deal?” Anton Siluanov, speaking in Washington, said, TASS reported. OPEC, Russia and other producers, an alliance known as OPEC+, are reducing output by 1.2 million bpd from Jan. 1 for six months. They meet on June 25-26 to decide whether to extend the pact.
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