Why Russia Won’t Abandon OPEC+ Just Yet

Russian President Vladimir Putin pried loose a couple of energy investment deals from Saudi Arabia on his latest visit to the region, on October 14 and 15 (TASS, Kommersant, October 14), but their total value reached only hundreds of millions of dollars, not the billions Russia had hoped for. He also picked up an investment from the United Arab Emirates (UAE) during his Middle East trip (Kremlin.ru, October 15). Although overall, the results were modest, every such economic agreement lays the groundwork for more in the future. Moscow has been…