OPEC+ to Raise Output from January 2021

<p>OPEC+ finally reached an output cut deal, agreeing to increase production by +0.5M bpd from January 2021. The outcome was slightly surprising as the market had anticiapted an extension of output cut fro three months until March 2021. We believe the decision was a compromise among producers of conflicting interests. The alliance agreed to lower [&#8230;]</p>
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