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Even if OPEC+ has a highly probable rollover of 1.2 million barrels per day (bpd) output cuts for the second half of 2019, as agreed at the G20 Summit by Saudi Arabia and Russia, the next six months will still be challenging.
The resumption of the trade talks between the US and China may take time to be reflected in oil prices, which are fragile due to the uncertainties of supply and demand arising from global geopolitical tensions.
Here are some of these challenges ahead for OPEC+ in the second half of 2019: