By Noah Barrett
Research Analyst Noah Barrett explains why OPEC may ease production cuts and what that means for investors.
The Organization of the Petroleum Exporting Countries (OPEC) and Russia have said they might ease production cuts in the second half of 2018. Why?
Since 2017, OPEC and certain non-OPEC producers, such as Russia, have undertaken coordinated production cuts to help lift oil prices. The effort has been effective, with crude prices rising appreciably over the past year. But the Trump administration's decision to reimpose sanctions on Iran helped send Brent crude above $80 per