Interview: OPEC, Russia oil market role ‘diminishing’: IEA’s Birol

205

OPEC, Russia and nine other non-OPEC partners are in the midst of a 1.2 million b/d production cut that has helped oil prices recover from a slump in the last three months of 2018. The cut agreement is scheduled to run through June and is likely to be adjusted after the US announced it would end all waivers from Iran oil sanctions when they expire at the start of May….

An excerpt from S&P