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Sunday, 7 May 2017

The Elusive Benefits of OPEC's Oil Output Plan - Bloomberg Gadfly

The Elusive Benefits of OPEC's Oil Output Plan - Bloomberg Gadfly:

"The benefits of OPEC's agreement to cut output have proved elusive. With less than three weeks to go before the group's next meeting, something is very, very wrong as far as oil producers are concerned. And they have no easy solution to put it right.The oil price is not far off where it was in November, before OPEC and friends agreed to cut output -- Brent briefly fell to within 30 cents a barrel of its pre-meeting price during early trading on Friday."



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