iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

OPEC Doesn’t Know What the Hell Russia is Talking About; Denies Talks

Classic parlour game of smoke, mirrors and funny jokes are being played on OPEC, by none other than Vlad “the impaler” Putin.

Alexander Novak said in St. Petersburg that Russia would be willing to discuss output levels with the Organization of Petroleum Exporting Countries, Interfax reported on Thursday. Four OPEC delegates said they had not heard yet of any plans for talks. The group’s next scheduled meeting is in June.

“It’s possible that Russia could be testing the waters to gauge how OPEC members would respond to the idea of cuts,” said Jason Bordoff, director of the Center on Global Energy Policy at Columbia University and a former senior oil official at the White House.

Oil is still up, but well off its highs.

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4 comments

  1. matt_bear

    hoodwinked.

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  2. infinitezuul

    Ideally, Russia will nuclear bomb Saudi Arabia. Solves many problems.

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