Pretty Please? US Trying To Persuade Russia To Lift Oil Output

Sumary of Pretty Please? US Trying To Persuade Russia To Lift Oil Output:

  • “The US has been putting pressure on OPEC and its partners in recent weeks to raise oil output, overtures which have been rebuffed,” Bloomberg reports based on statements from the Russian Foreign Ministry indicating the ongoing US attempt to persuade Moscow.
  • Perhaps the Kremlin would be more willing to play nice at a moment Washington comes calling, hat in hand, if it weren’t subject of US sanctions against Russian officials and constant allegations of political ‘interference’ in the West, with Putin widely cast in American media as this decade’s big bad geopolitical bogeyman.
  • At the end of October Russian President Vladimir Putin hinted that the OPEC+ cartel might put out more barrels than was previously announced, but also noted “Not all countries are able to significantly raise oil production.
  • This is a long-term process, a long cycle,” Putin said at the time in front of the Valdai discussion forum.

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