When OPEC meets in May to discuss whether to extend the production cuts agreed at the end of November last year, the group may face a combination of growing US oil production and the impact of a strong dollar on demand growth.
The US dollar index has been buoyed in recent weeks by an interest rate hike by the Federal Reserve, while US oil, gas and coal production are all rising in response to President Donald Trump’s deregulation of fossil fuels.
The end of winter often ushers...
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