Expected OPEC-Plus Curtailment Said ‘Good First Step, but Not Enough’ to Balance Oil Market

摘要

Market observers breathlessly awaited the outline of an agreement Thursday between the Organization of the Petroleum Exporting Countries (OPEC) and its allies to curb production and begin balancing a global market awash in crude. Reports varied on crucial points such as the volume, duration and baseline starting point of the cuts being discussed via tele- conference by delegates from the so-called OPEC-plus alliance and other invited pro- ducer countries.