Last night's appearance on CNBC Asia highlighted that OPEC is definitely going to unwind the production cut deal. In fact, it appears they already have.
Historically, production rises ahead of an OPEC quota increase, and Saudi Arabia, Kuwait and UAE - the key proponents of the OPEC production cut deal - are all showing significantly higher crude exports so far this month, as spigots are opened once again.
Hark, click on the below mugshot to launch to the clip:
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