SAUDI & RUSSIA OIL TALKS
When Saudi Arabia and Russia sat down to talk about limiting oil production 14 months ago, the discussions to stem a collapse in prices did not get very far.
"The minister confirmed that Russia was not willing to cut," Ali al-Naimi, Saudi Arabia's powerful energy minister later said about the meeting in a plush Vienna hotel. "We said 'thank you' and the meeting was over."
Days later Mr Naimi upended the oil industry, forcing through a decision at Opec headquarters to keep the taps open and put pressure on rival producers outside the cartel.
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