Why OPEC’s new supply deal will add little crude oil to markets

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Why OPEC’s new supply deal will add little crude oil to markets

23 June 2018, London – The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which it has undershot ever since. Based on compliance in May, only Saudi Arabia has any real scope to add barrels …

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