OPEC and its allies agreed on Thursday to ease oil output cuts from January by 500 MBbl/d, with more yet-undefined increases on an ongoing basis. Before the meeting, the market expectation was that the group would delay the entire scheduled increase of ~2 MMBbl/d in January by three to six months.
OPEC and its allies agreed on Thursday to ease oil output cuts from January by 500 MBbl/d, with more yet-undefined increases on an ongoing basis. Before ...
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