Russia Ready To Talk… But Opec, Shell Issue Oil Price Warning

After months of blowing hot and cold on the question of cooperating with Opec towards rebalancing oil markets, and in turn stabilizing oil prices, Moscow now says it is ready to talk with the 12-member producer group. But with Opec this week talking up prospects for an improvement in oil market dynamics in the near-term, coordinated action – for now at least – still appears unlikely.

Speaking in the...