Thursday, March 26, 2020
Seeking Alpha - Russia Explains Why It Killed The OPEC Deal
Summary
I follow up on my previous article regarding the collapse of the OPEC deal.
Russia's deputy energy minister provides his rational for Russia's decision and sends signals to the market.
Russia
looks serious about tolerating pain from low oil to gain market share
and deal a blow to U.S. shale for both political and economic reasons.
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