Pipelineistan

[Chris Doss]

Very, very partly bowing. Bowing so little, in fact, that the amount of oil
export Russia agreed to lower was about equal to the expected drop due to
falling world oil prices.

Chris Doss
The Russia Journal

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Hakki said: 

Saudi fixing of oil pricing isn't what it used to be since Saudi gave up
being a swing producer in 85, but with a quarter of world reserves, and the
highest quality, lowest cost product on the market, it still packs quite a
wallop, as witnessed by the latest faceoff with Putin which ended with
Russia partly bowing to OPEC pressure to reduce output.