OPEC+ Efforts at Oil Quota Compensation Look Flimsy as Ever
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As OPEC+ makes yet another push for members to atone for busting their oil quotas, the latest data show their record of doing so is as bad as ever.
When Saudi Arabia and its partners announced last month they would start reviving output halted two years before, they stressed that the group’s “compensation mechanism” meant the increase wouldn’t disturb world markets.