OPEC and Russia keep promising to pump more oil. They’re not delivering No Comments Uncategorized Here’s one big reason oil prices are near a seven-year high: OPEC and Russia are producing less than they promised. Here’s one big reason oil prices are near a seven-year high: OPEC and Russia are producing less than they promised. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to print (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on WhatsApp (Opens in new window)