OPEC Is Winning the Oil War
The group may be ahead, but members are still suffering their own casualties.
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As OPEC ministers meet in Vienna this week they’ll be debating whether the strategy that’s upended oil markets is working.
The last time the Organization of Petroleum Exporting Countries met, in November, it jolted markets by leaving production unchanged instead of staunching a glut by trimming output. Prices collapsed to the lowest in six years.