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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. The land-based oil distribution network is smaller, but also important. from a market for Russian crude and natural gas (via LNG) to a global competitor. The emergence of the U.S.,

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. percentage points.