Russian and GCC Perspectives: OPEC, Russia, and falling oil prices

... production, due to the privatization of Russian oil companies after the collapse of the Soviet Union. While not as numerous as US shale oil producers, Russia’s oil companies have boards that answer to shareholders who might not wish to accede to the ... ... an excuse after any non-compliance with a coordinated output cut is detected. REUTERS/Abdalrhman Ismail Maxim Suchkov: The Middle East between the U.S. and Russia: Potential Traps for Moscow Even if Russia decided to keep its word, and its oil companies ...