OilPrice
OPEC+ has been withholding 2.2 million barrels of oil supply daily for well over a year now—and it might have to start thinking about these cuts as a long-term policy. The market just keeps refusing to respond to them as OPEC+ wants. The idea of the production cuts was the same as the idea of all OPEC cuts before them: curb supply…
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OPEC+ May Be Facing Long-Term Production Cuts
Joan Guillemette
07:20
OPEC+ has been withholding 2.2 million barrels of oil supply daily for well over a year now—and it might have to start thinking about these cuts as a long-term policy. The market just keeps refusing to respond to them as OPEC+ wants. The idea of the production cuts was the same as the idea of
