VDE - OPEC Hits A Wall With Russian Oil Cuts: Short VDE

This article was highlighted for PRO+ subscribers, Seeking Alpha's service for professional investors. Find out how you can get the best content on Seeking Alpha here.

For the first time since it joined OPEC’s cuts in December 2017, Russia has pushed back on OPEC’s attempt to make another reduction in output. OPEC’s Joint Technical Committee (“JTC”) met from February 4^th to 6^th and recommended “a further adjustment in production until the end of the second quarter of 2020” and “extending the current production adjustments until the end of 2020.” The cut would

Read more ...