OPEC Has Few Escape Routes From Another Bear Market in Oil
As Saudi Arabia, Russia and their allies reduce output, supply that‘s beyond their control keeps rising. Libya and Nigeria -- members exempt from the curbs -- and U.S. shale producers are resurgent, undermining efforts to tame a global glut. Prices are back below where they were when the Organization of Petroleum Exporting Countries first struck its historic deal last year.
Cutting even deeper -- an idea rejected just a month ago -- still looks unlikely. For now at least, the Saudi pledge to do „whatever it takes“ to stabilize prices looks like not much at all.
Žinios, vertos jūsų laiko
- Esminių naujienų santrauka kasdien
- Podkastai - patogu keliaujant, sportuojant ar tiesiog norint išnaudoti laiką produktyviau
- „Mano pinigai“ - praktiški patarimai apie investavimą, realūs dienoraščiai
