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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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OPEC Says Russia Will Not Be Excluded From Group
Saudi Energy Minister Abdulaziz bin Salman Al Saud has responded to questioning on 'why Russia has not been excluded from OPEC.'
- Al Saud said: 'Who’s being throwing these rockets and missiles at us and Abu Dhabi! Who’s financing, who’s training, who’s supplying weapons is a member of OPEC!'
- The remarks maintain an assertion that OPEC is not a political entity and does not make decision based upon political allegiances. Although not mentioned by name, Al Saud is referring to fellow OPEC member Iran who is accused of supporting the Houthi rebels in Yemen and engaging in a proxy war with Saudi Arabia.
- The remarks come at an OPEC industry event amidst increased speculation that some members of OPEC may be pushing against Russia's membership.
- Al Saud: 'Opec members have always managed to compartmentalise our political differences and work towards the common good. So when we get into that meeting room, everybody leaves their politics outside the door of that building.'
- UAE energy minister Suhail al-Mazrouei: 'We have one mission, which is stabilising the market. We cannot be politicising or bringing politics into the organisation and having that debate. There are other entities, or other ministries that are in charge of that.'
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.