Oil Futures: Russia Won’t Join OPEC Despite Price Increase And Market Stability After Production Cut
March 8, 2017
Russia may have partnered with the Organization of Petroleum Exporting Countries last year to jack up the price of oil, but that diplomatic relationship has limits. The Kremlin won’t be joining the 13-member cartel also known as OPEC, Russian Energy Minister Alexander Novak said Monday at a Houston energy conference, according to CNBC.