OPEC+ ignored Biden’s demand for oil output boost, Nov. 4, 2021 In the geopolitical folklore, Afghanistan is supposed to have caused the end of the Soviet Union but in reality, the war wouldn’t have been a “bleeding wound” by 1989 had it not been for the precipitous fall in the Soviet income from oil exports. …
Why the OPEC+ deal is a many-splendoured thing
Russian President Vladimir Putin delivered a speech proposing a summit in September of the “founder countries of the United Nations, the five states that hold special responsibility to save civilisation,” Jerusalem, Israel, January 23, 2020 A perfect deal is where all protagonists get something out of it. All oil-producing countries stand to gain if oil …
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Trump tiptoeing toward energy market management
Oil price war in the time of Covid-19 On Monday, the US President Donald Trump literally bit the bullet by telephoning Russian President Vladimir Putin to discuss the state of the energy markets, which are at a crisis point not seen in history. As of last weekend, global oil prices collapsed by over 50 percent …
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