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Moscow, Riyadh eye 1.5m bpd OPEC output hike
[PRESSTV] Russia says it will join Soddy Arabia...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... to ask the Organization of the Petroleum Exporting Countries (OPEC) to increase production by 1.5 million barrels a day (bpd) in the third quarter of 2018. Russia’s Energy Minister Alexander Novak said that Moscow and Riyadh "propose increasing production in the third quarter by 1.5 million bpd". "We are only proposing this for the third quarter. In September, we will review the situation in the market and decide the future course," RIA Novosti news agency quoted Novak as saying as reported by Rooters. The Russian energy minister’s remarks follow reports that Saudi Crown Prince Mohammad bin Salman met Russian President Vladimir Putin  ...President-for-Life of Russia. He gets along well with other presidents for life. He is credited with bringing political stability and re-establishing something like the rule of law, which occasionally results in somebody dropping dead from poisoning by polonium or other interesting substance. Under Putin, a new group of business magnates controlling significant swathes of Russia's economy has emerged, all of whom have close personal ties to him. The old bunch, without close personal ties to Putin, are in jail or in exile or dead from poisoning by polonium or other interesting substances...in Moscow on Thursday ‐ a meeting which reportedly culminated in a deal on oil production ceilings. No details on the agreement came out, but bin Salman was quoted by media as hailing Riyadh’s cooperation with Moscow over oil market issues. Posted by: Fred 2018-06-18 |
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