Russia’s Policy on OPEC: Potential and Limitations of Cooperation
Russia’s Policy on OPEC: Potential and Limitations of Cooperation
Author(s): Bartosz Bieliszczuk
Subject(s): Governance, Environmental and Energy policy, International relations/trade
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Russian Federation; Organisation of the Petroleum Exporting Countries (OPEC); increasing oil prices; US oil export; energy policy;
Summary/Abstract: The cooperation between Russia and the Organisation of the Petroleum Exporting Countries (OPEC) is aimed at increasing oil prices. Russia, however, also has other goals: getting new investments and contracts from Saudi Arabia for Russian companies. This tactic appears to be working out for now, but keeping oil prices higher for the long run could be difficult because of growing U.S. oil exports and opposition from Russian companies to curb production, among other reasons.
Series: PISM Bulletin
- Page Count: 3
- Publication Year: 2019
- Language: English
- Content File-PDF