Why Russia Must Pressure Libya to Reduce its Oil Production

... OPEC member states with oil production quotas. Achieving this level of compliance will be difficult in the near-term due to Iraq’s reconstruction efforts, Ecuador’s refusal to back OPEC quotas and collapsing production in Venezuela.   However, if Moscow can successfully use its political and economic influence in Libya to implement a change in Tripoli’s oil production patterns, Russian policymakers will take a major step towards stabilizing or increasing the global market price ...