OPEC+ Looks Willing to Defy Oil Bears’ Warnings Again
The group has gained room to maneuver thanks to factors beyond its control.
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Welcome to our guide to the commodities driving the global economy. Today, OPEC reporter Grant Smith discusses what’s in store at the group’s policy meeting this weekend.
Almost a year ago, OPEC+ brushed aside warnings of a global supply surplus and chose to increase oil production. History seems about to repeat.