NRGD - OPEC Meeting Preview

OPEC rescheduled its meetings to take place on July 1^st and 2^nd next week from June 26^th. It was a sign of incredible weakness because the meetings had been scheduled six months in advance, and then the Russian minister recently said he had a scheduling conflict. And Russia is not even a member of OPEC. Nor has Russia even complied with its oil reduction promise made for this agreement, as discussed below.

Alexander Novack, the Russian energy minister, said on June 24^th “It’s too early to say" whether the output

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