Tag: OPEC

Russia’s Rejection of OPEC+ was the Result of Cold Geostrategic Calculations

Russia rejected its OPEC+ partners’ request late last week to further curtail its oil production next month because it understood that doing so would make its American shale rivals more competitive, which would in turn empower the US to continue weaponizing energy for geostrategic ends, thus eventually leading to a dangerous scenario that Moscow might have been powerless to reverse...