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Global drawdowns embolden OPEC and analysts, but experts warn that it may merely be a shifting of supplies

Oil

The Organization of the Petroleum Exporting Countries' (OPEC) three-month old initiative to slash production and reduce the global glut is finally starting to pay off, according to myriad data and a new assessment from Energy Aspects - but other experts warn against confusing the efficacy of the highly-criticized cutbacks with normal seasonal market adjustments.

 

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