Why Oil Markets Can’t Escape OPEC, Russian Influence

Posted by Tsvetana Paraskova

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OPEC members and their Russia-led non-OPEC allies have yet to decide how to share the 1 million bpd production boost they pledged in June. when they saw the market started to tighten too quickly which pushed oil prices to $80 a barrel—potentially ringing in the beginning of demand destruction. CLICK for complete article

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