Oil pipelines OPEC Secretary General Mohammed Barkindo offered the market another treat today, saying that Russia is “ on board ” with “the Algiers accord.” This assurance, following numerous other OPEC assurances, comes after a brutal week for oil prices, and in true OPEC form, it is now in a desperation push to keep oil prices from further tanking. Absent from the story is any news directly from Russia, which seems to be not only flip-flopping in its stance, but a country divided on the issue, with Vladimir Putin, Energy Minister Alexander Novak, and Rosneft’s Igor Sechin having seemingly different viewpoints on the subject. Since Putin said in early October that Russia would join the efforts to reduce the global oil supply—a statement that sent oil prices to one-year-highs—Russian officials have not been especially eloquent and specific about their plans and intentions as far as their participation in a […]