Countries agreeing to freeze have little capacity to add
Oil prices have recovered over the past weeks as news about a coordinated production freeze between OPEC and non-OPEC members has given the commodity a more stable footing in the market. Both U.S. and international crude benchmarks WTI and Brent are up over $40 per barrel as markets hope that cooperation between a group of nations representing 73% of global production might bring supply and demand into balance.

The news has been seen in a positive light by markets, but the IEA called ...


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