(Bloomberg) Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market.
Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices rebounding to a one-year high.
Ten months after slashing crude production when Covid-19 crushed global demand, OPEC and its allies are still withholding 7 million barrels a day from the market. It s been a sacrifice, and now the group must chart a path forward that won t erase hard-fought oil price gains.
Saudis, Russia Differ Again on Oil Strategy Before OPEC+ Meeting leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
An Oil Country No More? Algerian Energy Exports Sink Rapidly
Bloomberg 2/8/2021 Verity Ratcliffe, Souhail Karam and Salma El Wardany
(Bloomberg) Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
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The North African nation’s struggling to keep up shipments of oil and gas the lifeblood of the economy as years of mismanagement and a lack of investment take their toll. The decrease is so severe that Algeria might cease to be an crude exporter within a decade, according to Cherif Belmihoub, a minister in charge of economic projections.
An Oil Country No More? Algerian Energy Exports Sink Rapidly
Bloomberg 2/8/2021 Verity Ratcliffe, Souhail Karam and Salma El Wardany
(Bloomberg) Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
Popular Searches
The North African nation’s struggling to keep up shipments of oil and gas the lifeblood of the economy as years of mismanagement and a lack of investment take their toll. The decrease is so severe that Algeria might cease to be an crude exporter within a decade, according to Cherif Belmihoub, a minister in charge of economic projections.