OPEC Might Withdraw It’s Plan To Cut Supplies

OPEC Might Withdraw It’s Plan To Cut Supplies  OPEC has started working on plans for an exit strategy from its deal to cut supplies with non-member producers, two OPEC sources said, a sign that an eventual winding down of the deal is coming onto producers’ radar, at least in theory, as reported by REAUTERS. The Organization of the Petroleum Exporting Countries, Russia and other non-OPEC producers on Nov. 30 extended an oil output-cutting deal until the end of 2018 to finish clearing a glut. But the market is increasingly interested in how producers will exit the deal once the excess … Continue reading OPEC Might Withdraw It’s Plan To Cut Supplies