Great new story - Russia sourceFor those who recall Russia was always pushing higher production. The fact that they are leading the charge I see as bullish. Russia now sees the control, power and value with shale dead. Stay tuned
"Saudi-UAE still at impasse as Russia steps in"
"Moscow, which has been pushing to raise output, is now working behind the scenes to bring both Riyadh and Abu Dhabi back to the table to find a path to agreement, the three sources said. Russia has strong political and economic relations with both Saudi Arabia and the UAE.
"They have time to work out a decision, hopefully we will meet next week and the deal will be clinched," one of the sources, from the Russian side, said.
Reference: https://www.reuters.com/world/middle-east/saudi-uae-still-impasse-russia-steps-rescue-opec-deal-2021-07-07/