Thursday, February 6, 2025

OPEC Resists Flow of History With Reluctance to Cut Deeper

From Bloomberg In the past, OPEC has often delivered supply cuts in stages; U.S. shale makes group wary of deepening production curbs The chorus in the oil market calling for deeper production cuts gets louder almost every day. By resisting the clamor, OPEC is breaking with its own history. As crude sank below $50 a barrel — less than half