Oil States to Keep Status Quo as Price Gains: OPEC Reality Check

Updated on
  • Saudi policy to force out high-cost suppliers is bearing fruit
  • Group may decide who will replace Secretary-General El-Badri

Oil Is Set for Longest Run of Gains in 5 Years

OPEC members gathering in Vienna on June 2 are expected to fall in with a Saudi Arabia-led policy focused on squeezing out rivals as oil’s recovery shows the strategy is working.

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