, Columnist
OPEC Math Misses the Point
The Kingdom isn't a pushover for a deal on production cuts.
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Saudi Arabia’s energy minister Khalid Al-Falih said Thursday he's "optimistic" that the agreement OPEC reached in September to limit supply will be implemented, with individual output ceilings for member countries. But don't mistake him for a pushover.
The economics of a cut are compelling, but there's more to it than just doing the math -- and this could mean the group fails to reach a deal when it meets in Vienna on Nov. 30.