Gas up + oil up ++but share price drops ,can only be due to sanctions or now the next new story doping at the Olympics .....did Zol supply them ! NO .surely soon they must run out of thinks to hold this share down .
Heating prices will increase. Global warming is rubbish, just a ploy for a global tax to introduce the new world government via the UN. A big brother of the EU. All under control of the same political elites that control our governments and media and banks. Russia isn't playing ball, hence the sanctions. Trump is the cat amongst the pigeons. Watch for trouble in California to disrupt him, if they fail to steal the election from him. If he survives politically and physically, then zoltav should benefit.
By ZeroHedge - Dec 01, 2016, 2:56 PM CST Putin Going into the Algiers OPEC meeting in late September, the prevailing sentiment among the analyst community was that there is no way any deal will get done: after all there was no secret that the recent animosity between Iran and Saudi Arabia had recent reached unprecedented levels, with both side directly involved across from each other in the Syrian proxy war.
However, the deal did happened, surprising virtually everyone, and based on a new Reuters report, it was thanks to one man.
Russian President Vladimir Putin was the mediator who played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia in 15 years.
The interventions ahead of Wednesday's OPEC meeting came at key moments from Putin, Saudi Deputy Crown Prince Mohammed bin Salman and Iran's Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani, OPEC and non-OPEC sources said. According to Reuters, Putin’s role as intermediary between Riyadh and Tehran was pivotal, and is a "testament to the rising influence of Russia in the Middle East since its military intervention in the Syrian civil war just over a year ago."
It started when Putin met Saudi Prince Mohammed in September on the sidelines of a G20 gathering in China. The two leaders, who realized they stand to benefit more from cooperating in order to push prices higher, agreed to work together to help world oil markets clear a glut that had more than halved oil prices since 2014, pummeling Russian and Saudi government revenues.
The financial pain made a deal possible despite the huge political differences between Russia and Saudi over the civil war in Syria.
"Putin wants the deal. Full stop. Russian companies will have to cut production," said a Russian energy source briefed on the discussions. Of course, Russia's energy minister Novak has already said that it will take a long time before Russia's fulfills its production cut quota of cutting 0.3tb/d from its current production level of 11.2tb/d due to "technical complications" suggesting that Russia is perfectly happy to sit back and watch how the world reacts to the OPEC cut first before engaging following through on its promises. After all, there is potential Saudi market share to be gained.
But first, prices had to go up.
The back story is familiar to all who have followed the endless OPEC melodrama of 2016: in September, OPEC agreed in principle at a meeting in Algiers to reduce output for the first time since the 2008 financial crisis. But the individual country commitments required to finalize a deal at Wednesday's Vienna meeting still required much diplomacy.
Recent OPEC meetings have failed because of arguments between de facto leader Saudi Arabia and third-largest producer Iran. Tehran has long argued OPEC should not preven
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