Commodities Corner: Here’s what may shake OPEC’s commitment to oil production cuts



Oil is among the biggest commodity gainers in 2019, with prices up by more than 20%—a testament to the success of the output cuts agreed to by major crude producers at the start of the year. However, the cuts eventually may run head on into the effects of increased U.S. shale production and more output from other sources.





Source link

Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Send this to a friend