Challenges lie ahead for Opec-Russia alliance


Market share: A file picture showing a worker at the central processing facility of the Rosneft-owned Priobskoye oil field in Russia. Though Putin gave his blessings to extending the oil deal, Rosneft and Lukoil PJSC have warned that if the measures drag on too long they could lose market share to rivals. — Reuters

LONDON: The Organisation of Petroleum Exporting Countries (Opec) and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high. As the unlikely bond enters a second year, there are challenges ahead.

Here are four scenarios that could end their deal earlier than planned.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Opec

   

Next In Business News

7-Eleven’s quarterly revenue climbs
MSM Malaysia cautious on widening loss
Positive 3Q24 for Dayang on higher utilisation, forex gains
Petra Energy registers positive 3Q24
Fajarbaru 1Q25 earnings up three-fold
US weekly jobless claims unexpectedly fall
Thong Guan Industries to sell unit in related party transaction
7-Eleven Malaysia sees stronger 4Q ahead
Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
Sunway Construction’s net profit rises to RM46.47mil in 3Q24

Others Also Read