OPEC+ decision to cut output sends a political message to Washington
Riyadh is no longer willing to toe Washington’s line and its interests now reign supreme OPEC+’s announcement last week that it will curtail its output by an additional 1.6 million barrels per day (bpd) took the world by surprise. Few had expected it, with most of the view that the OPEC+ would roll over its existing output ceiling. OPEC+ stalwarts,...
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