A substantial OPEC+ cut incoming
Today's OPEC+ meeting has been heavily speculated about this week, as delegates have hinted at increasingly large output cuts in response to a dimming economic outlook and lower prices. Last month's warning shot of 100,000 barrels per day fell on deaf ears and the alliance may now be prepared to cut by 10 times that, even 20 if some sources are to be believed.
Adding to the uncertainty is the prospect of a group cut backed up by additional unilateral reductions,
05-10-2022 12:16 GMT
by Craig Erlam
