OPEC hopes to include Russia in its pact to cut oil production
OPEC hopes to include Russia in its pact to cut oil production
Saturday the world’s oil market will focus on Vienna. OPEC has already agreed on a joint supply cut, to push up prices. This next meeting is bring non-OPEC producers into the deal, including the world’s largest producer right now — Russia. The meeting will amount to a very public pledge to not drill, but OPEC would do well to trust but verify. Because there’s a very relevant history of energy market cheating.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
