Challenges lie ahead for Opec-Russia alliance


Market share: A file picture showing a worker at the central processing facility of the Rosneft-owned Priobskoye oil field in Russia. Though Putin gave his blessings to extending the oil deal, Rosneft and Lukoil PJSC have warned that if the measures drag on too long they could lose market share to rivals. — Reuters

LONDON: The Organisation of Petroleum Exporting Countries (Opec) and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high. As the unlikely bond enters a second year, there are challenges ahead.

Here are four scenarios that could end their deal earlier than planned.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Opec

Next In Business News

Oil jumps US$2 on escalating Middle East tension
Asian stocks sink to 3-month low on tech angst, Gulf tensions
Govt finalising natural gas roadmap to strengthen energy security
Indonesian stocks with high shareholding concentrations to be excluded from index starting Nov 2
Paramount Property tops out RM266mil Seiras development in Batu Kawan
Guangzhou Metro subsidiary signs maintenance contract with Malaysia's East Coast Rail Link
UEM Edgenta launches entrepreneurship programme for young vendors
AmBank provides internet access to Orang Asli village in Pahang
Foodie Media posts record FY26 earnings, declares 1 sen dividend
RHB Bank gets Bank Negara extension until Feb 2027 for Tokio Marine deal talks

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read