The Organization of Petroleum Exporting Countries (OPEC) ended today’s talks without reaching a production quota agreement for the first time in nearly five years after Russia refused to commit itself to a major limitation on the yield, which was demanded by Saudi Arabia.

After talks in Vienna, Saudi Energy Minister Khalid al-Falih said he is not convinced that will have an agreement when OPEC meets his allies again on Friday. The proposal for a total reduction in OPEC+ yield of 1 million barrels per day remained uncertain.

“Not everyone is willing to reduce [their yield] equally”, said Khalid al-Falih. “Russia is not ready for a significant reduction”, added he.

Failure to conclude a deal is another example of how OPEC is under pressure from forces that redefine the global oil map, leaving it extremely dependent on Russia’s support. Surprisingly, the US government has revealed that it has become a net exporter of fuel for the first time in 75 years last week thanks to the shale boom.

The oil market quickly reacted negatively the new and Brent oil price collapsed by 5.2% to 58.36 USD per barrel.

Many things have changed in OPEC since 2016 when Russia and Saudi Arabia put an end to their historic enmity and began to drive the market together. OPEC+ transforms the cartel into a duopoly in which the Kremlin has imposed its force.

While ministers were sitting around the negotiating table at OPEC headquarters, the Russian Energy Minister Alexander Novak went to St Petersburg to meet President Vladimir Putin to decide what the country’s contribution would be. If the most important ally of the group in the OPEC+ alliance decides to significantly reduce its yield, the cartel will follow.