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Saudi Arabia’s Ploy to Punish OPEC+ Cheaters Risks Backfiring

Bloomberg · last updated

Welcome to Energy Daily, our guide to the commodities markets powering the global economy. Today, OPEC reporter Grant Smith dissects the decision by the group and allies to bolster crude production next month.

Saudi Arabia roiled global oil markets this week with a shock move to punish errant members of the OPEC+ cartel. It’s a risky strategy that may well backfire.

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