Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

... margin to finance our obligations. … The current prices in the oil market suggest our reserves could be enough for six years ,” Russia’s Finance Minister Anton Siluanov said in a recent interview with the Rossiya-1 state-run news channel. The oil market urgently needs to be stabilized. Today the market is heavily influenced not only by the pandemic and the breakup of the OPEC+ agreement, but also by US sanctions. These sanctions, for instance, hamper Iran's presence in the market, and the other players currently are taking advantage. Venezuela is another case in point : In early 2020, the United States sanctioned Rosneft ...