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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Wary of U.S.

Russia 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

While the IEA projects surplus production will begin to recede in 2H 2016, they are suffering now (and in any case, it is a projection). The Saudis sold their change to their fellow OPEC members as being in OPEC’s general interest. percentage points. Moreover, Saudi policy, combined with the impact of U.S. million barrels/day in 2014 to 7.55