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Russia might not be ready for long-term OPEC commitment

Saudi Arabia seems to think Russia is on board with a lengthy OPEC deal, but Moscow has a lot of factors to consider.
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Recent statements by Saudi Crown Prince Mohammed bin Salman have created lots of talk that OPEC is considering a long-term agreement with Russia and possibly other non-OPEC members. However, the future of a potential pact between Russia and OPEC is quite unclear.

Russia is considering a contract of 10-20 years, rather than its current annual agreement. The present deal is part of the so-called OPEC-plus arrangement that allows non-OPEC members to participate in oil production cuts designed to increase oil prices and stabilize the international market.

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