Friday 14 December 2018

OPEC+ Leaders Ignored Oil Cuts Before Deal’s Reset

OPEC+ Leaders Ignored Oil Cuts Before Deal’s Reset:

Before OPEC and its allies reset their agreement to reduce oil output this month, the group’s biggest members ignored the terms of their original pact. In November, key producers including Saudi Arabia and Russia again pumped more they did before the cuts started. As the OPEC+ alliance heads into a third year of supply curbs, here’s a look at how far it has come—or drifted.

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