OECD Oil Stocks Remain High Despite OPEC-NOPEC Cuts

The past month has brought intense scrutiny on global oil inventories. The primary goal of the OPEC-NOPEC oil production cuts is to bring inventories down to their five-year average levels. But the first six months of the cuts has made little progress toward this goal. The group extended the cuts, and OPEC has expressed confidence […]

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