Six months ago, the group couldn’t reach a deal on production levels without help from Russia. Russia had taken the reins of a group that it didn’t even belong to because it had become too dysfunctional to run itself. The regular half-yearly Opec meeting is now scheduled for June 25, with a gathering of the bigger Opec+ group the following day. Two weeks ago, most OPEC+ ministers met in Jeddah, Saudi Arabia to assess the output deal and make recommendations for the June meeting. And then there is the nagging sense that Russia is starting to control Opec just a little too much.

Source: The Star June 02, 2019 06:00 UTC