How OPEC+ Saw Its Hold on Global Oil Markets Fray Despite Extra Production Cuts

(Bloomberg) The OPEC+ coalition’s grip on global oil markets is looking less secure by the day. Crude traders have shrugged off the Nov. 30 pledge from Saudi Arabia and its allies to slash supplies by a further 900,000 barrels a day, remaining skeptical of its implementation. Despite the group’s multiple attempts to shore up sentiment in … Read more

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