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Russia’s Rejection Of OPEC+ Was The Result Of Cold Geostrategic Calculations — Andrew Korybko

Summary:
Russia rejected its OPEC+ partners' request late last week to further curtail its oil production next month because it understood that doing so would make its American shale rivals more competitive, which would in turn empower the US to continue weaponizing energy for geostrategic ends, thus eventually leading to a dangerous scenario that Moscow might have been powerless to reverse if it didn't act when it finally did.... One WorldRussia's Rejection Of OPEC+ Was The Result Of Cold Geostrategic Calculations Andrew Korybko See also Reminiscence of the Future"Experts".Andrei Martyanov Oilprice.comWill Trump Bail U.S. Shale Out? Nick Cunningham

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Russia rejected its OPEC+ partners' request late last week to further curtail its oil production next month because it understood that doing so would make its American shale rivals more competitive, which would in turn empower the US to continue weaponizing energy for geostrategic ends, thus eventually leading to a dangerous scenario that Moscow might have been powerless to reverse if it didn't act when it finally did....
One World
Russia's Rejection Of OPEC+ Was The Result Of Cold Geostrategic Calculations
Andrew Korybko

See also

Reminiscence of the Future
"Experts".
Andrei Martyanov

Oilprice.com
Will Trump Bail U.S. Shale Out?
Nick Cunningham
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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