Oil production puts Russia on collision course

OPEC is squaring up for a spat with Moscow as it becomes increasingly frustrated with Russia’s reluctance to curb oil output as agreed with the international cartel.

Oil prices continued to hover around the $50-a-barrel mark despite a statement from the International Energy Authority (IEA) that demand would fall more than expected. However, OPEC is becoming for prices above $60 and is frustrated with Russia for not reducing its exports in line with the cartel’s record cuts this year.
MoscowNews