OPEC’s Invalids May Have Tipped Oil Cuts From Failure to Success
Photographer: Andrey Rudakov/Bloomberg
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OPEC’s campaign to avert a global surplus has received decisive help before it even starts -- from the very countries that were too weak to join the effort.
Starting this month, the group has promised to reduce output by 800,000 barrels a day from October levels, part of a broader deal with like-minded oil producers such as Russia.