OPEC+ Oil Export Cut Blunted by Surge in Russian Shipments
- Group slashed output by about 1 million barrels a day in Nov.
- Russia has boosted output ahead of European sanctions
This article is for subscribers only.
OPEC’s efforts to deliver a substantial oil-output cut are being blunted the group’s allies.
The Organization of Petroleum Exporting Countries slashed output by about 1 million barrels a day, according to a Bloomberg survey, roughly fulfilling their half of a cutback co-ordinated with the wider OPEC+ coalition.