Is RUSSIA the SAVIOUR OR GRAVE DIGGER OF OPEC? - KJ VIDS

The increase of American shale oil production and the oil crisis of 2014 have brought the OPEC closer to Russia.

The OPEC and Moscow have agreed on a deal, in 2016, to keep their production of oil low and thus keeping the price high.

The deal known as the Vienna Alliance by analyst brought together 24 countries and produce 47 million barrels of oil a day, or almost half the world’s output.

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