Petrostates in Peril Russia’s Lukoil Wants to Work with OPEC
But it’s hard to see Putin coming to some sort of agreement with OPEC when the cartel’s own members can’t trust one another enough to make any cuts of their own.
Petrostates in Peril OPEC’s Own Outlook Getting Grimmer
With lower breakeven prices and innovative new techniques, shale firms are better prepared to weather a price war than OPEC might hope. The cartel’s long-term outlook isn’t bright.