DUBAI / GULF TIME In an impressive achievement that highlights its robust business strategy in ...
Read More »OPEC history shows deal on cuts only a beginning
Bloomberg OPEC’s work isn’t done yet. Oil traders and investors cheered Wednesday’s landmark deal to curtail oil production. But history shows compliance with past accords to be patchy at best. Even if countries stick to their output caps, those that won exemptions could make the collective target all but unreachable if they boost production. The difficulty of monitoring non-OPEC ...
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