OPEC was already struggling to finalize a deal on production cuts this month. And then Donald Trump was elected President of the U.S. The Organization of Petroleum Exporting Countries faces increasing urgency to take measures that will support oil prices as Trump’s surprise victory threatens to deepen a market sell-off, said UBS Group AG.
Yet the uncertainty arising from the President-Elect’s policies -- from climate change to the U.S. shale industry and sanctions on Iran -- will make resolving differences between producers even harder.............................................Full Article: Source
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