Will OPEC+ Declare War On U.S. Shale?

It’s that time of the year again, the final OPEC+ meeting of 2019 has been scheduled and is ready to take place in December. Geopolitical tensions in the Middle East are running high and so are worries about the balance between supply and demand. The top concern, however, is whether the production cuts agreed last December will be extended or deepened once again. Russia is, of course, in the spotlight. The world’s second-largest oil producer has made it a habit of demonstrating reluctance about any final commitment until the last moment…