IEA: Maybe the frozen production agreement between OPEC and Russia is meaningless.

According to words of the IEA officer, maybe the frozen production agreement between OPEC and Russia is meaningless. His reason is that, in fact, in all meet participating countries, the Saudi Arab is the only country who has the ability to increase the production, compared to restrict the production, the conference is more likely to stabilize the market’s confidence to oil price.

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