Saudi Arabia, Iran, Russia Head Towards Showdown In November

The OPEC meeting held at the International Energy Forum in Algeria lasted over four hours and resulted in a face-saving “understanding” that pushed the hard choices off until November. This is probably enough to fend off falling prices because it will partially appease speculators. Meanwhile OPEC countries have not officially committed to anything but have laid the platform for a potential deal.

Source: Saudi Arabia, Iran, Russia Head Towards Showdown In November

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