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UAE's Exit from OPEC Will Strengthen Russia's Role in Oil Production Coordination
Economist: weakening OPEC discipline will push Moscow toward flexible coordination over rigid output restrictions
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AK
Anna Kuznetsova
· 2 dk okuma
The United Arab Emirates' withdrawal from OPEC will increase the significance of OPEC+ for Russia, economist Iqbal Guliyev said.
According to his assessment, as internal discipline within the organization weakens, Russia will rely less and less on strict collective production restrictions and more on flexible coordination of output levels with partners.
The shift in OPEC's structure reflects growing divergences among member states over production policy.