With OPEC pre-announcing a big production cut for it and its allies without the support of Russia, Saudi Arabia appears to be trying to corner Moscow into either supporting it or facing the blame for a price collapse. But that’s a very risky strategy.
Bloomberg: OPEC deal is high risk for both Saudi Arabia and Russia
OPEC logo is seen at the OPEC headquarters in Vienna on May 24, 2017, on the eve of the Organization of the Petroleum Exporting Countries (OPEC) meeting.
