Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?
... This not to mention other oil-supplying countries whose gold and currency reserves are much more modest than those of Russia and Saudi Arabia. “We [Russians] have a big enough safety 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 ...