18 February 2025: 08:30 GMT
Rubio and Lavrov sitting across a table from each other, mediated by the Saudis – 30% of global oil production in one room! These are the really big players on the world stage, gathered to carve up the almost expired Ukraine. So sick it is in the infirmary attended by European doctors about to be judged not so good at their job. The US, who has guns, wants its money back and the Russians aren’t prepared to cede any territory they’ve seized. It’s been a 3-year slog, why would they?!
While the world is divided, anyone for $76? After the window closed at $75.18/bbl, Brent went on an adventure, clambering up beyond $76 by 10:45 GMT. Maybe those OPEC rumours are stickier than we thought or not everyone’s as optimistic as us about the prospect for peace in Ukraine – neither Lavrov nor Rubio looked especially happy during their meeting ☹.
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