Saudi Arabia and Russia agreed in Doha to stop increasing oil production, causing many energy analysts to ask why. Here’s a simple reason: revenue. The price of OPEC oil has jumped more than $4 a barrel since before the talks. Multiplied by Saudi Arabia’s combined exports of crude and fuels, that would earn the world’s biggest exporter almost $1 billion a month in revenue if prices persist. The meeting lasted about 90 minutes. (Source)
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