OPEC’s Easy Win Masks Tougher Oil-Market Choices Still to Come
- Cartel agrees to extend oil production cuts through 2018
- OPEC seeks to boost prices without triggering flood of shale
This article is for subscribers only.
On the surface, Thursday’s OPEC meeting was a no-drama success.
The group of oil nations agreed to extend year-old production cuts through the end of 2018 to help boost prices, no small achievement.