, Columnist
OPEC’s Gonna Give It the Old College Try, Folks
The cartel’s fuzzy math maintains cohesion but masks problems.
Fuzzy for a reason.
Photographer: AFP/AFPThis article is for subscribers only.
Here’s a thought experiment. Next time someone asks you to do something, tell them you will “strive to adhere” to their wishes and see how they react. My non-scientific guess is it will look something like this:
Which is how oil prices reacted to the carefully-worded communique from OPEC on Friday morning; first spiking on news of an agreement and then easing back a little as the specifics were digested.