Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question. The Organization of the Petroleum Exporting Countries (OPEC), along with Russia and other producing nations – known as OPEC+ – has partnered with other oil-pumping countries including the United States to cut supply by around 20 million barrels per day. “No matter how hard OPEC tries to convince the market of its strength and resolve, it has so far failed to succeed.” …read more
Source:: Yahoo Finance
