OPEC's sequel to blockbuster oil deal faces struggle in 2019
The petroleum cartel's plans to revive oil markets are receiving a more chilled reception than its successful strategy last year. There is growing speculation that surging US shale output and uncertain fuel demand could thwart OPEC's efforts.
BY GRANT SMITH, BLOOMBERG
OPEC's bold strategy to revive oil markets proved a surprise success last year, but the sequel they have unveiled for 2019 is getting a cooler reception.