Russia is not going to keep a low profile in the global battle for a stronger presence in the oil market, the head of oil company Rosneft said. The Organization of Petroleum Exporting Countries is pursuing a strategy that calls for a freeze, or possibly a cut, in production levels in an effort to erase the surplus that helped push crude oil prices to below $30 per barrel. A report published in July by the Norwegian government found previous strategies from OPEC to defend a market share may have led to a decline from rival producers. The report from Statistics Norway found OPEC behavior “probably” limited the role of U.S. crude oil producers. Writing in the Italian daily newspaper Corriere […]